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 

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