IMF dogs Japan

[Taro Toporific]

IMF raises alarm on Japan oil
09/04/2003 19:08 - (SA)
Japanese share prices had tumbled to around 20-year lows, reflecting weak world markets, concerns for Japanese banks and indebted companies, and questions about the Japanese recovery..."The risks to the outlook are predominantly on the downside," the IMF warned.
A long war in Iraq would hit Japan through higher oil prices, falling equity prices, and weaker consumer confidence and investor sentiment, it predicted.
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