REUTERS: …Analysts expect another quarter of contraction in the final three months of this year due to sluggish exports to China, keeping the Bank of Japan under pressure to loosen monetary policy as early as this month…
“The Bank of Japan may ease policy this month, as suggested in remarks by Deputy Governor Kiyohiko Nishimura last week. The bias is for further easing, so even if the central bank stands pat this month it will likely act in January.”
Japan’s gross domestic product (GDP) shrank 0.9 percent in July-September from the previous quarter, revised government figures showed, unchanged from preliminary data reported last month.
That compared with economists’ median forecast for a 0.8 percent contraction…
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