TOKYO -- The Bank of Japan on Wednesday forecast the nation's economy to contract 4.7% in fiscal 2020 despite recent signs of gradual recovery, a reminder that bouncing back from the coronavirus pandemic will be difficult.
Economy
Japan GDP to shrink 4.7% in fiscal 2020, BOJ says
Pace of recovery is expected to be 'gradual,' governor Kuroda says
The headquarters of Bank of Japan in Tokyo: The central bank has decided to keep the main policy tools intact. © Reuters
Read Next
Latest on Economy
