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Japan's policymakers brace for Q4 GDP slump, growing coronavirus risks

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The Bank of Japan expects the country's economy to continue expanding moderately but it must keep an eye out on how the coronavirus outbreak could affect production and inbound tourism, a senior central bank official said on Friday.

[TOKYO] Japanese policymakers on Friday braced for a sharp contraction in October-December growth and warned of the hit to output and consumption from the coronavirus outbreak, signalling alarm over a darkening outlook for the world's third-largest economy.

Bank of Japan executive...

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