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TOKYO (Reuters) - Japan’s economy will suffer a smaller contraction this year than initially forecast but won’t return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said.
FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon/File Photo
Analysts polled were split on the Bank of Japan’s next policy move even as the economy continues to suffer from the pandemic’s fallout, underscoring a widening view that the central bank may have exhausted its ammunition to prop up growth.
Japan’s economy needs years to return to pre-pandemic levels: Reuters poll
Japan’s economy will suffer a smaller contraction this year than initially forecast but won’t return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said.
Analysts polled were split on the Bank of Japan’s next policy move even as the economy continues to suffer from the pandemic’s fallout, underscoring a widening view that the central bank may have exhausted its ammunition to prop up growth.
The world’s third-largest economy will likely shrink 5.3% in the current fiscal year ending in March, the December poll of 27 analysts showed, revised up from a 5.6% contraction projected in November.
Japan s economy will need years to return to pre-pandemic levels, say economists
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Last Updated: Dec 15, 2020, 10:29 AM IST
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Analysts polled were split on the Bank of Japan s next policy move even as the economy continues to suffer from the pandemic s fallout, underscoring a widening view that the central bank may have exhausted its ammunition to prop up growth.
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TOKYO: Japan s economy will suffer a smaller contraction this year than initially forecast but won t return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said. Analysts polled were split on the Bank of Japan s next policy move even as the economy continues to suffer from the pandemic s fallout, underscoring a widening view that the central bank may have exhausted its ammunition to prop up growth.
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FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo
TOKYO (Reuters) – Japan’s economy will suffer a smaller contraction this year than initially forecast but won’t return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said.
Analysts polled were split on the Bank of Japan’s next policy move even as the economy continues to suffer from the pandemic’s fallout, underscoring a widening view that the central bank may have exhausted its ammunition to prop up growth.
The world’s third-largest economy will likely shrink 5.3% in the current fiscal year ending in March, the December poll of 27 analysts showed, revised up from a 5.6% contraction projected in November.