Reported 4 days ago
Japan's economy showed stronger than anticipated growth, fueled by business spending and improved net trade, achieving a 2.8% annualized GDP increase in the last quarter. Despite signs of weakness in private consumption and domestic demand, the continued expansion reinforces the Bank of Japan's strategy for gradual interest rate hikes. Prime Minister Ishiba plans to address inflation impacts through stimulus measures, aiming to sustain growth amidst uncertain trade conditions.
Source: YAHOO