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Japan Q1 GDP (revised) -2.9% (from -1.8%)

2024-12-30FOREXLIVEFOREXLIVE
Terrible number

Worse economic contraction than was thought for Japan in Q1 2024.

The government has revisited construction orders data and cut the GDP result even further.

  • January - March real GDP annualised -2.9% vs previously revised -1.8%
  • October -December 2023 real GDP revised to annualised +0.1% from previous +0.4%
  • July September 2023 real GDP revised to annualised -4.0% from previous -3.7%

Higher interest rates in Japan would not seem to be the solution to this.

ueda suzuki 26 May 2024 2

Bank of Japan Governor Ueda and finance minister Suzuki

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