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Japan's GDP contracts, complicating BOJ's rate hike plans

Japan s economy contracted in
the first quarter, squeezed by weaker private consumption and
external demand and throwing a fresh challenge to policymakers
as the central bank looks to lift interest. ....

Kantaro Komiya , Sam Holmes , Toyota Daihatsu , Tetsushi Kajimoto , Satoshi Sugiyama , Cabinet Office On , Cabinet Office ,

Japan's GDP Contracts, Complicating BOJ's Rate Hike Plans

Japan's GDP Contracts, Complicating BOJ's Rate Hike Plans
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Toyota Daihatsu , Sam Holmes , Kantaro Komiya , Tetsushi Kajimoto , Satoshi Sugiyama , Cabinet Office On , Japan February , Cabinet Office ,

Japan's economy skids, complicating BOJ's rate hike plans

TOKYO (Reuters) -Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan's economy shrank 2.0% annualised in January-March from the prior quarter, faster than the 1.5% drop seen in a Reuters poll of economists. Downwardly revised data showed GDP barely grew in the fourth quarter of 2023, due to downgrades to capital expenditure estimates. ....

Sam Holmes , Satoshi Sugiyama , Toyota Daihatsu , Yoshimasa Maruyama , Kantaro Komiya , Tetsushi Kajimoto , Cabinet Office On , Cabinet Office ,