Japan's Economy Contracts by 0.5% in Q1 2024, Exports and Consumer Spending Decline
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#6f1fa2fe ver:0.28

Japan's economy contracted by 0.5% in Q1 2024, worse than expected, due to declining consumer spending and exports. Weak household spending and an aging population continue to challenge policymakers. The Bank of Japan may wait for Q2 GDP data before considering interest rate hikes. Despite expectations of a rebound, concerns remain about rising utilities costs and the yen's weakness. Japan's central bank faces challenges in achieving sustained economic growth. #JapanEconomy #ConsumerSpending #Exports #BankofJapan...

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