Monday 14 September 2015

Japan's economy seen growing more slowly in third quarter

Japan's economy will likely grow much less in the current quarter than projected a month ago and consumer prices remain weak, but many economists expect the Bank of Japan (BoJ) will not announce more stimulus till next year, a Reuters poll showed.

Some, however, forecast the BoJ could ease policy next month on concerns China's economic woes and recent financial market turmoil would be a drag on the Japanese economy.

Japan's economy, the world's third largest, shrank in the second quarter on weak business investment, which prompted economists to revise down their third-quarter growth forecasts.

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