BOJ more likely to go for easing with limp July data

Tokyo

WITH further evidence emerging on Wednesday that Japan's economy is continuing to stagnate, the Bank of Japan (BOJ) looks almost certain to adopt new monetary-easing tactics this month to forestall the economy's sliding back into deflation and possible recession, analysts say.

Growth in Japanese industrial output had slowed to a halt in July, going by data released by the Ministry of Economy, Trade and Industry; gains had been made in June.