TOKYO (Reuters) -Japan's economy fell faster than expected in the first quarter as the weak yen continued to batter consumers, throwing a fresh challenge to the central bank's push to get interest rates further away from near zero. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan's economy shrank 2.0% annualised in January-March from the prior quarter, faster than the 1.5% drop seen in a Reuters poll of economists. Downwardly revised data showed GDP barely grew in the fourth quarter of 2023, due to downgrades to capital expenditure estimates.
Related Keywords
Tokyo , Japan , Japanese , Sam Holmes , Satoshi Sugiyama , Toyota Daihatsu , Yoshimasa Maruyama , Kantaro Komiya , Tetsushi Kajimoto , Cabinet Office On , Reuters , Cabinet Office ,
comparemela.com © 2020. All Rights Reserved.