Japan's economy grew at 2.2 per cent annual rate in Oct-Dec, as consumers held back on spending

Japan's economy grew at 2.2 per cent annual rate in Oct-Dec, as consumers held back on spending https://www.taxtmi.com/news?id=36917 Japan's Oct-Dec GDP estimate was revised down to a 2.2% annualized pace because private demand contracted and private inventories were higher than earlier reported, trimming quarter-to-quarter growth to 0.6%. The revision complicates the Bank of Japan's plan to raise its benchmark rate by weakening domestic momentum despite recent wage gains, while prospective tariffs on exports create additional external downside risks. en-us Tue, 11 Mar 2025 11:01:03 +0530 Tue, 11 Mar 2025 11:01:03 +0530 TaxTMI RSS Generator Japan's economy grew at 2.2 per cent annual rate in Oct-Dec, as consumers held back on spending https://www.taxtmi.com/news?id=36917 Japan's Oct-Dec GDP estimate was revised down to a 2.2% annualized pace because private demand contracted and private inventories were higher than earlier reported, trimming quarter-to-quarter growth to 0.6%. The revision complicates the Bank of Japan's plan to raise its benchmark rate by weakening domestic momentum despite recent wage gains, while prospective tariffs on exports create additional external downside risks. News - Tue, 11 Mar 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=36917