Japan’s preliminary GDP growth rate for Q1 2024 (QoQ) is -0.5%, which is a contraction and slightly worse than the -0.4% forecast.
Key Points:
- Contraction: The Japanese economy contracted in Q1 2024.
- Worse Than Expected: The actual figures were slightly worse than the forecast.
- Reasons for Contraction: The contraction is likely due to a combination of factors, including weak consumer spending and exports.
- Impact on Market: The negative GDP data may impact the Japanese stock market and the yen.
- Future Outlook: The Bank of Japan (BOJ) may adjust its monetary policy based on the GDP data.
Where to Find More Information:
- Investing.com: https://www.investing.com/economic-calendar/japan-gross-domestic-product-(gdp)-qoq-119
- FXStreet: https://www.fxstreet.com/economic-calendar/event/523c3261-8d74-4252-a3fc-cb03c3e3b0b3
- YCharts: https://ycharts.com/indicators/japan_gdp_qoq
I hope this information is helpful!
