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Japan to downgrade economic assessment in November - sources
Nov 14th 2012, 06:27

By Stanley White TOKYO (Reuters) - Japan will downgrade its assessment of the economy in a monthly report due at the end of the week, government sources told Reuters on Wednesday, as the global economic slowdown pushes the country to the brink of recession. That would mark the fourth consecutive month of downgrades, the longest since the aftermath of the collapse of U.S. investment bank Lehman Brothers. The weakening outlook increases the pressure on the government and the Bank of Japan to bolster the economy and could make some lawmakers reluctant to follow through with a plan to raise the sales tax next year. The government is scheduled to release its monthly assessment of the economy on...

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