Senior BOJ official: Japan's Q4 2019 GDP may have contracted sharply

Author: Eamonn Sheridan | Category: News

A Bank of Japan senior official

  • labour shortage not becoming strong constraint on Japan's economic growth
  • public, private sectors must make efforts to boost productivity so economy can achieve strong, sustainable growth
  • Japan's Q4 2019 GDP may have contracted sharply due to overseas slowdown, sales tax hike impact and hit from natural disasters
  • Japan's economy likely to sustain moderate expansion as a trend on robust capex, govt spending
  • Must be vigilant against various risks such as chance coronavirus outbreak could affect inbound tourism, production
  • BOJ hopes to maintain powerful monetary easing to support economy
Headlines via Reuters 

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose