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Japanese economy strained but shows signs of improvement

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The Nation Newspaper Japanese economy strained but shows signs of improvement

contracted at a slightly slower pace than initially estimated in the first quarter of 2024. This revision is attributed to upgrades in capital spending figures.

The revised Cabinet Office data, due for release today, is expected to show a first-quarter GDP contraction of 1.9 per cent annualised, compared to the initially reported 2.0 per cent decline. This translates to an unchanged quarter-on-quarter contraction of 0.5 per cent. External demand, the net effect of exports and imports, is estimated to have subtracted 0.3 percentage points from overall GDP growth.

 

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