Amid Today, the Bank of England reported that the Japanese crisis won't harm the nation's economic growth during the upcoming period. However, the BOE Governor noted that underestimating Japan's potential growth rate and tightening monetary and fiscal policy too soon.

On the other hand, Japanese government has reduced its economic assessments for the first time in six months after the devastating earthquake that hit the nation on March 11 that left behind massive destruction and a revolving nuclear crisis.