Japan’s government has downgraded its assessment of the economy for the first time in six months to reflect last month’s devastating earthquake and tsunami, while wholesale prices rose at the fastest pace in more than two years in an ominous sign for company profit margins. A loss of electricity from a crippled nuclear power plant and radiation leaks could weigh on the outlook for some time, the government warned on Wednesday, though it still expects the…
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on April 13, 2011. Filed under News.
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Posted by
on April 13, 2011. Filed under