Japan's GDP likely shrank in Q3 as China slowdown hits exports: Reuters poll

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TOKYO - Japan's economy likely shrank in the July-September period, the first contraction in four quarters, according to a Reuters poll, heightening challenges for the central bank's exit from ultra-loose monetary policy.

"Consumption is recovering as a trend as economic activity normalises from the COVID-19 pandemic era," analysts at Dai-ichi Life Research Institute said. Consumption probably rose just 0.2% in July-September from the previous quarter after slumping 0.6% in the April-June period, the poll showed.

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