Japan GDP growth beats expectations in Q1
Pedestrians at the Shibuya district in Tokyo. Japan’s 0.4% first-quarter growth beat market expectations of 0.2%. – EPA pic, May 17, 2023.
JAPAN’S economy grew faster than expected in the first quarter, official data showed today, helped by a recovery in inbound tourism after pandemic border restrictions were lifted. The 0.4% rise in GDP beat market expectations of 0.2%, after hopes of a rebound fell flat in the final quarter of last year.
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