Japan's economy to shrink at fastest pace in decades this fiscal year

By Kaori Kaneko TOKYO (Reuters) - Japan's economy will shrink at the fastest pace in decades in the year through March 2021, forcing the government to compile another stimulus package to cushion the blow from the coronavirus pandemic, a Reuters poll showed on Friday. Many respondents predicted the Bank of Japan's (BOJ's) next policy step would be to expand stimulus, but they do not see the pandemic triggering a banking sector crisis this year.

The world's third-largest economy is forecast to contract 5.3% this.

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