Japan narrowly avoids technical recession.

Japan's Q4 2023 GDP revised up to 0.1% growth, averting recession. Solid non-residential investment drove the growth, but private consumption contracted -0.3%. This suggests Japan's economy is recovering, but weak consumption could be a concern for the Bank of Japan as it considers policy changes. A report suggests a potential scrapping of the yield curve control program in the March 18-19 meeting.

March 11, 2024
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