Tuesday, July 17, 2007

UPDATE 1-Japan says econ recovering, rate hike seen nearing

(Reuters) - TOKYO, July 17 - The Japanese government stuck to
its view that the economy was recovering despite weak industrial
output, while noting softer consumer confidence, in a monthly
economic report issued on Tuesday.




"The economy is recovering despite weakness in some sectors
of industrial production," the government said, using the same
phrase for the fourth straight month.


Read more at Reuters.com Economic News

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