Posted 3/11/2024, 4:46:13 AM
Japan Dodges Recession But Growth Still Lackluster As BOJ Mulls Policy Change
- Japan's economy narrowly avoids recession as Q4 GDP revised up to 0.4% growth from an earlier estimated 0.4% contraction
- Growth was driven by improved domestic demand and private consumption
- Despite avoidance of recession, Japan remains challenged by meager growth
- Expectations rising that Bank of Japan may end negative interest rates as early as this month
- Even as economy struggles, stock market hits highs on cheap yen and corporate reforms
