Japan’s economy avoids recession one week before BOJ meeting.

Japan's Q4 GDP was revised up to 0.4% expansion, avoiding a technical recession. The initial estimate projected a 0.4% contraction. The revised figure shows the economy grew at an annualised rate of 0.4% in Q4, compared to a median forecast for a 1.1% increase. On a quarter-on-quarter basis, GDP grew 0.1%, compared to the initial 0.1% drop reading and a median forecast for a 0.3% rise.

March 11, 2024
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