Japan’s Q1 GDP Sees Stronger Decline in Second Revision
In a recent update of Japan’s Gross Domestic Product (GDP) data, the government reported a sharper economic contraction for the first quarter of 2024 than previously anticipated. The initial estimate indicated a 0.5% decline quarter-on-quarter, but this has been revised to a 0.7% decrease. This adjustment results in an annualized contraction rate of 2.9%, a […]