Japan's GDP contracted by a revised 1.8% annualized in the first quarter of 2024, according to data from the Cabinet Office. This decline was smaller than the economists' median forecast of a 1.9% contraction and the preliminary estimate of a 2.0% decline. The revision was attributed to upward adjustments in capital spending and inventory data. The smaller-than-expected contraction lends modest support to the Bank of Japan's plans to raise interest rates again this year.
Recapping the inflation data from Japan earlier- higher but might slow BOJ rate hikes https://t.co/ZLUMurdVid
Japan's economy contracted by 1.8% in the first quarter of 2024, - The Spectator Index
Japan Economy Shrinks 1.8 % in 1st Quarter: Revised Report https://t.co/G1UBz6VcEv
Japan’s Q1 GDP Fell Less than First Reported on Revised Capex https://t.co/VRHNq9LDMp
Japan's Q1 GDP fell less than first reported on revised capex - Reuters https://t.co/25XdOg5ccW
Japan's GDP shrank a revised 1.8% annualized in the first quarter from the previous three months, Cabinet Office data showed, a smaller decline that economists' median forecast for a 1.9% contraction and a 2.0% decline in the preliminary estimate https://t.co/m6GTbW37u5 https://t.co/6ooLHfOzpY
WATCH: Japan's economy contracted less than initially reported in January-March on upward revisions to capital spending and inventory data, lending modest support to the central bank's plans to raise interest rates again this year https://t.co/38TOuHJpID https://t.co/Xhidj9GHvy
#Japan's GDP contracted by 1.8% for the first quarter of 2024, less than the preliminary estimate reported earlier, thanks to revised capital spending and inventories.
WATCH: Japan's GDP shrank a revised 1.8% annualized in the first quarter from the previous three months, Cabinet Office data showed, a smaller decline that economists' median forecast for a 1.9% contraction and a 2.0% decline in the preliminary estimate https://t.co/38TOuHJpID https://t.co/rK9f2ZZtnK
Japan Jan.-March economic contraction revised to annualized real 1.8% https://t.co/jtTnOaBgjQ