GDP figures confirmed what many feared: Japan has entered yet another recession after the economy contracted for two consecutive quarters: in Q2 and Q3.
The data for Q3 showed a quarterly squeeze of 0.2% worse than -0.1% expected. Q2 was revised up to -0.2%, but this remains negative. Seasonally adjusted and annualized GDP stands at -0.8%. Will the BOJ act this week? Not so fast.
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