Japanese Economy Contracts in Q1 2024, Putting Yen in Focus Amid Bank of Japan Rate Talks
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#6f1fa2fe ver:0.39

Japan's economy contracted by 2% in Q1 2024, worse than expected, due to weak consumer spending, falling capital spending, and declining exports. This puts pressure on Prime Minister Kishida and the Bank of Japan, who may have to wait for Q2 GDP data in August before considering raising interest rates. Weak household spending and rising living costs are persistent challenges. Japanese companies also predict a worsening Chinese economy. The Bank of Japan is monitoring corporate investment to boost consumer spending and economic growth. The USD/JPY exchange rate and upcoming US CPI report will impact the Bank of Japan's decisions. #JapanEconomy #BankofJapan #ConsumerSpending #InterestRates #USDJPY...

#newstr #Japan #Economy #GdpContraction #ConsumerSpending #BankOfJapan #InterestRates #Yen 

 https://here.news/story/6f1fa2fe?ver=0.39