In the Nikkei today ... (what Japan will be reading on the train to work this morning)

"More economists see Japan's GDP contracting in July-September"

The Nikkei say a survey back on September 7 (by the Japan Center for Economic Research) forecast average GDP growth at 1.67%... but that many have now downgraded their projections, mainly on the drop in industrial production

  • "The probability of contraction in the 0% range has gotten much higher," said Ryutaro Kono, chief Japan economist at BNP Paribas

More at link, here ... appears ungated

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If GDP does drop again the probability of more BOJ easing increases .... it already is given recent comments from Abe et al. Which should be not yen supportive. Will USD/JPY get above the 'Kuroda line'?