• Bloomberg

  • SHARE

Japan’s recession may intensify this quarter and increasing turmoil in financial markets is making it more likely the central bank will cut interest rates, according to Morgan Stanley.

“Recessionary momentum should climax in the October- December quarter,” as production and business confidence deteriorate, Takehiro Sato, Morgan Stanley’s chief Japan economist in Tokyo, wrote in a report Friday. “Conditions are falling into place for a rate cut.”

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)