Bank of Japan Governor Sticks to Economic Recovery View, Keeps Alive Rate Hike Chance
===============	
#6f1fa2fe ver:0.36

Bank of Japan Governor Kazuo Ueda remains optimistic about Japan's economic recovery despite a 2% contraction in Q1 GDP. Weak consumer spending and declining exports contribute to the decline. Ueda expects auto production to recover in Q2 and inflationary pressure to ease, supporting the case for raising interest rates later this year. However, concerns about the end of subsidies and the yen's weakness persist. Half of Japanese companies in China predict a worsening Chinese economy this year. Ueda will discuss these issues at the G7 finance leaders' meeting. #JapanEconomy #GDP #InterestRates #ConsumerSpending...

#newstr #BankOfJapan #EconomicRecovery #InterestRates #Gdp #G7 

 https://here.news/story/6f1fa2fe?ver=0.36