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Bank of Japan Expected to Raise Rates, Currency Intervention May Not Be Required
Real GDP growth in Q1 was
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Real GDP growth in Q1 was slightly revised downward to +0.5% q/q and +1.8% y/y, compared with the initial estimate of +0.5% and +2.1%. The first quarter only partially reflected the onset of the US–Israel–Iran war, but at this stage there appears to be no direct threat of a sharp slowdown due to disruptions in energy supply chains. The second quarter is likely to be affected more significantly by this factor, but current estimates remain relatively optimistic, as geopolitical tensions
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Kuvat Raharjo,
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