Japan's Economy Contracts by 0.5% in Q1 2024, Exports and Consumer Spending Decline
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#6f1fa2fe ver:0.29

Japan's economy contracted by 0.5% in Q1 2024, worse than expected, due to weak consumer spending and declining exports. This adds pressure on Prime Minister Kishida's government to address stagnant growth and an aging population. The Bank of Japan may wait for Q2 GDP data before considering raising interest rates. Policymakers prioritize normalizing monetary policy and boosting consumer spending for sustained economic recovery. #JapanEconomy #GDP #ConsumerSpending #Exports...

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