Japan heading for recession as economy contracts in third quarter

masaaki-shirakawa

Japan's central bank undertook "further aggressive" monetary easing - for the second successive month and fourth time this year - at its monetary policy meeting on October 30 due to a deteriorating outlook for the Japanese economy, according to Bank of Japan (BoJ) governor Masaaki Shirakawa.

Speaking at the Kisaragi-kai meeting in Tokyo today (November 12), Shirakawa said the increase in asset purchases by 11 trillion yen ($138 billion) to 66 trillion yen unveiled in October would help to

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