Japan in recession, BoJ eyes stimulus

11 Dec

Japan – the world’s third largest economy – has fallen into recession, hit by sluggish exports to China.
Revised official data on Monday morning showed that the Japanese economy shrank very slightly in the second quarter of 2012, by 0.03%, before contracting by 0.9% between July and September.

Analysts expect the country to stay in recession in the final quarter of the year, ratcheting up the pressure on the government to take steps to boost the economy in the runup to the general election on 16 December.

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