Japan Acts on its Economy: Concern for US

The FT quoting the Bank of Japan.  They are acting to protect exports, growth and employment.

The central bank said on Monday that Japan’s economy “is likely to be on a recovery trend.”

However, it added that “uncertainty about the future, especially for the US economy, has heightened more than before, and the foreign exchange and stock markets have recently been unstable.”

“In these circumstances, the bank judged it necessary to pay more attention to the downside risks to the outlook for Japan’s economic activity and prices,” the bank said.

via FT.com / Japan – Bank of Japan takes fresh stimulus steps.