Reported 9 months ago
Analysts suggest that a potential sharp downgrade in Japan's first-quarter GDP due to corrections in construction orders data could impact the central bank's growth forecasts and the timing of its next interest rate hike. The revision is expected to show a larger contraction in the economy than previously estimated, possibly leading to a downgrade in economic growth projections for fiscal years and affecting monetary policy decisions, including the possibility of a rate hike in the near future.
Source: YAHOO