Japan quarterly GDP shows economy still in recession

Japan’s economy contracted for the third consecutive quarter in the three months to December 31, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.

Gross domestic product (GDP) fell 0.1 per cent in October-December from the previous quarter, compared with the median forecast of 0.1 per cent expansion, according to a Reuters poll.

The data is unlikely to affect the outcome of a Bank of Japan policy meeting that ends later in the day.

via Business feed http://www.scmp.com/business/economy/article/1149932/japan-quarterly-gdp-shows-economy-still-recession