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Japan GDP Growth Rate QoQ Prel 

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.

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I hope this information is helpful!

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