Categories Finance

Japan Q1 GDP revised -0.2% vs -0.7% expected

Q4 was +2.4% The preliminary Q1 reading was -0.7% Q/Q GDP (not annualized) 0.0% vs -0.2% prelim (+0.6% in Q4) Private consumption GDP +0.1% vs 0.0% prelim Capex +1.1% y/y vs +1.4% prelim This is a welcome surprise and should further tilt the Bank of Japan towards hiking…

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