Japan's Economy Contracts by 0.5% in First Quarter, Worse Than Expected
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#6f1fa2fe ver:0.25

Japan's economy contracted by 0.5% in Q1 2024, worse than expected, due to an earthquake and production halts at Toyota's Daihatsu subsidiary. Weak consumer spending and declining wages are persistent challenges. The Bank of Japan may wait for Q2 GDP data in August before considering raising interest rates. Policymakers must address declining consumer spending and other challenges for sustained economic growth. #JapanEconomy #GDP #ConsumerSpending #InterestRates...

#newstr #JapanEconomy #GdpContraction #Exports #Imports #Earthquake #Toyota #Recession #Inflation #InterestRates #Yen #ConsumerSpending #BankOfJapan #PrimeMinisterFumioKishida 

 https://here.news/story/6f1fa2fe?ver=0.25