The Nikkei 225 Index slipped 0.3% to around 50,200 while the broader Topix Index dropped 0.5% to 3,342 on Monday, extending losses from the prior session despite stronger than expected growth data. Japan's economy contracted 0.4% quarter-on-quarter in the three months to September, reversing a 0.6% expansion in Q2 but beating market forecasts for a 0.6% decline. Markets continue to gauge the outlook for Bank of Japan policy amid signals from officials that they may raise rates soon, though Prime Minister Sanae Takaichi urged the central bank to keep rates low. Japanese shares also mirrored weakness on Wall Street as concerns persisted over stretched AI valuations and uncertainty surrounding the Federal Reserves policy path. Notable declines came from Mitsubishi UFJ (-1.1%), Sanrio (-6.7%), Fast Retailing (-4.2%), Nidec (-6.1%) and Sony Group (-2.9%).