Japan's Economy Shrinks on Weak Consumer Spending and Auto Woes
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#6f1fa2fe ver:0.26

Japan's economy contracted by 0.5% in Q1 2024, worse than expected, due to weak consumer spending and auto woes. Exports fell by 5.0% and imports fell by 3.4%. The decline in consumer spending is a significant factor, with real wages shrinking and rising living costs. Policymakers aim to address declining consumer spending and normalize monetary policy. Despite expectations of a Q2 rebound, concerns remain about rising utilities costs and weak sentiment. Bank of Japan may raise interest rates later this year, but challenges persist for sustained growth. #JapanEconomy #ConsumerSpending #AutoIndustry #GDP...

#newstr #Japan #Economy #ConsumerSpending #Exports #Imports #Earthquake #Toyota #Recession #Inflation #InterestRates 

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