JAPAN: For the first time in three...
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Times staff and wire reports
JAPAN: For the first time in three years, a majority of Japanese executives predict a slowdown in the nation’s economic growth. In a report released this month by Japan’s Economic Planning Agency, most managers in 4,490 firms surveyed said growth would slow in the first and second quarters of 1991. The survey also revealed that capital spending, one of the main engines of the economy, will drop 0.9% in the second quarter. It will be the first decline in eight quarters. The top concerns cited were high interest rates and the U.S. recession.
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