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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
Japan's economy contracted in the first quarter, supporting the Central Bank's wait-and-see approach.
Jin10 Data June 9 News, due to improvements in inventory and consumption data, Japan's economic contraction in the first quarter of this year was smaller than initially estimated. The Japanese Cabinet Office stated on Monday that the annualized quarterly GDP for the first quarter recorded -0.2%, revised from -0.7%. Personal consumption rose by 0.1%, and business spending increased by 1.1%. Inventory contributed 0.6 percentage points to economic growth, while net exports dragged down by 0.8 percentage points. The revised data confirms that the Japanese economy had already begun to shrink before Trump expanded tariff measures in April. For the Bank of Japan, this data may still support a wait-and-see attitude, especially after last meeting's downgrade of this year's economic growth forecast. Bank of Japan officials remain highly vigilant about the impact of tariffs, with Governor Ueda Kazuo stating that uncertainty is "extremely high", warning last week that tariffs could affect the Japanese economy through various channels.