Reported 4 days ago
Japan's economy expanded by an annualised 2.8% in the last quarter of 2024, boosted by strong business spending and surprisingly resilient consumer demand. This growth, which exceeded market expectations, is likely to influence the Bank of Japan's approach to interest rates, pushing for more aggressive tightening amid concerns about overseas trade due to tariff threats. Despite some positive signals in consumption and capital spending, analysts caution that rising food prices may hinder a sustained recovery.
Source: YAHOO