Japan's September economic report reveals moderate recovery, with corporate profits and wage growth, despite typhoon disruptions and stagnant export growth.
Japan's September economic report indicates a moderate recovery, with strong corporate profits and wage growth noted from April to June. Private consumption has risen, though the travel sector suffered from typhoon disruptions. While the corporate goods price index shows a slowing increase, overall, the government expects continued growth despite cautiousness regarding global economic risks and stagnant export growth. Monetary policy normalization may signal upcoming rate hikes.
September 18, 2024
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