Japan’s GDP Contracts; BoJ Keeps Key Rates Unchanged

Japan’s economy contracted in the October-December 2012 quarter, indicating persistent weakness in the economy and the rising pressure on Shinzo Abe's government to adopt strong measures to boost economic growth. Gross Domestic Product (GDP) fell 0.1 percent in the quarter compared with the previous quarter, and it was lower than expected as analysts had forecast 0.1 percent growth. The economy, struggling to come out of a mild recession, contracted 0.4 percent in the fourth...

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