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

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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