Japan upgrades Q1 GDP on solid capex
Japan's economy grew more than initially thought in January-March, revised data showed on Thursday, as a post-pandemic pickup in corporate and consumer spending helped offset the hit to exports from slowing global demand. With inflation running at a four-decade high, further growth in the world's third-largest economy will depend on sustained wage hikes, which the Bank of Japan and the government regard as core policy objectives. Japan's gross domestic product (GDP) expanded an annualised 2.7 per cent in January-March, against a preliminary estimate of a 1.6 per cent growth and much higher than economists' median ... (full story)
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post at 9:48pm: *Japanís PM Kishida: Not Assuming BoJ Bond Purchases in Managing Finances post at 9:47pm: *Japanís PM Kishida: To Manage Finances So Markets Donít Lose Confidence