• Bloomberg


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.”

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