Japan has revised its Q1 GDP downward for the first quarter of 2024. The real GDP shrank by an annualized 2.9% from January to March, down from an earlier estimate of a 1.8% contraction. This revision was due to corrections in construction data, leading to a revised figure of -0.7%. The business mood in Japan's service sector soured in June as the lower yen pushed costs higher, according to a quarterly central bank survey. This offset a significant lift in factory confidence and pointed to consumption weakness.
#Bank of #Japan (BOJ) may hike #interest rates twice to 0.5% by the end of March 2025
🔵 JAPAN INTEREST RATES COULD RISE TO 0.5% BY MARCH 2025, SAYS MIZUHO BANK CEO The Bank of Japan (BOJ) could hike interest rates twice by the end of March 2025 to reach 0.5%, reflecting the real growth rate of the Japanese economy, the head of Mizuho Financial Group's banking… https://t.co/pLAPdOijw5
Japan's GDP downgrade, shaky business mood cloud BOJ hike timing - Reuters https://t.co/EKsm1whE5w
The business mood in Japan's service-sector soured in June as the lower yen pushed costs higher, a quarterly central bank survey showed, offsetting a big lift in factory confidence and pointing to consumption weakness https://t.co/a1rqqWG9zE https://t.co/0qfjkEhbH2
📽️ WATCH - JAPAN'S GDP DOWNGRADE, SHAKY BUSINESS MOOD CLOUD BOJ HIKE TIMING The business mood in Japan's service-sector soured in June as the lower yen pushed costs higher, a quarterly central bank survey showed on Monday, offsetting a big lift in factory confidence and… https://t.co/2B1atLeL1N
It has not been a good morning in Japan where GDP in Q1 was revised lower to -0.7% due to revisions to construction figures.
Asia markets mixed as China manufacturing contracts again, Japan revises first quarter GDP downward. https://t.co/2I5suEJI3l
#Japan’s Business Optimism, #Inflation Outlook Back Rate Hike Case – Bloomberg
#Japan downgrades Q1 GDP on construction data corrections - Reuters
🇯🇵 #Japan downgrades Q1 GDP on construction data corrections - Reuters https://t.co/nRMOqjc1C8
🇯🇵 #Japan’s Business Optimism, #Inflation Outlook Back Rate Hike Case – Bloomberg https://t.co/VqLeznGHs1 https://t.co/qUGcPXVNHD
Japan has issued a rare unscheduled revision to its GDP, lowering the previous estimate. Japan's real GDP SHRANK by an annualized 2.9% in January-March, down from an earlier estimate of a 1.8% contraction. Never a dull moment in Japan. Circus...