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BREAKING NEWS: Japan's Economy Shrinks 0.2% in Jan.-March, Revised Up

Japan's economy shrank an annualized 0.2 percent in the January-March quarter, according to revised government data released on June 9.
This contraction followed a period of weak consumption and export declines that began before U.S. tariffs took full effect in April.
The upward revision showed that stockpiled goods added 0.6 percentage point to economic growth, twice the initial estimate, while personal spending increased slightly by 0.1 percent following earlier reports of no change.
The Bank of Japan cut its growth forecast, with officials expecting to maintain a cautious policy stance amid inflation above 3 percent and rising U.S. trade duties.
Economic weakness and uncertain trade relations with the U.S. continue to pressure policymakers, complicating efforts to spur consumption and private investment ahead of key July deadlines.

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Sueddeutsche Zeitung

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Tokyo: Japan's Gross Domestic Product Shrinks Less Strongly

The revised data show that Japan's gross domestic product fell by 0.2 percent in the first quarter, less than the original 0.7 percent. Analysts fear that the economy was already weakened before the trade dispute with the US.

7 days ago·Munich, Germany

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Asahi

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Japan’s economy skids, complicating BOJ rate hike plans | The Asahi Shimbun Asia & Japan Watch

Japan’s economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to lift interest rates away from near-zero levels.

7 days ago·Tokyo, Japan

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Mainichi Shimbun

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Japan Jan.-March GDP contraction revised up to annualized real 0.2%

TOKYO (Kyodo) -- Japan's economy shrank an annualized real 0.2 percent in January to March, revised up from the preliminary report but still marking t

7 days ago·Chiyoda, Japan

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読売新聞オンライン

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Japan Jan.-March GDP Down Annualized 0.2 percent in Revised Report

Tokyo (Jiji Press)—Japan’s gross domestic product in January-March shrank an annualized 0.2 pct from the previous quarter in price-adjusted real terms, the Cabinet Office said in a revised report Monday.

7 days ago·Japan

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Financial Post

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Japan Confirms GDP Contraction, Backing Caution From BOJ, Ishiba

(Bloomberg) — Japan’s economy contracted in the first quarter, a revised estimate confirmed Monday, weakness that supports the Bank of Japan’s cautious stance and keeps political pressure on Prime Minister Shigeru Ishiba ahead of a key election.

7 days ago·Canada

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