Reported about 18 hours ago
Japan's economy grew at an annualized rate of 2.2% in the fourth quarter of 2024, revised down from a preliminary estimate of 2.8%. This weaker growth, driven by falling inventories and reduced household consumption impacted by inflation, may influence the Bank of Japan's policy decisions during their upcoming meeting. Economists remain cautious, noting that consumer spending's challenges could hinder ongoing economic expansion, despite net trade and business spending showing positive signs.
Source: YAHOO