Japan lowers prediction for its economy

Japan's economy faces troubles in economic growth as in the second quarter GDP increased only 0.7% after 5.3% economy expansion in the first three months. Analysts say that Japan's economy might shrink this quarter as a consequence of deceleration of the world economy and the strong Yen, which curtails exports. The contraction of the economy might put pressure on the Bank of Japan to expand quantitative easing on the next week meeting.