Japan's Economic Growth Slows in Q2 as Consumers Pull Back

Japan's Q2 GDP growth revised down to 4.8% from an initial 6.0% estimate, missing forecasts.
Capital spending and private consumption declined in Q2, underscoring economic fragility.
Real wages fell again in July, suggesting ongoing pressure on households.
Exports remained solid but shipments to China fell sharply.
BOJ policymakers stress resolve to keep policy ultra-loose given uncertainties.

reuters.com

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Posted 9/8/2023, 12:21:06 AM