The final GDP report for Q1 showed that the Japanese economy economy grew by 1% q/q, much better than 0.6% originally reported. Year over year, a solid rate of 3.9% was printed, far better than 2.8% predicted.
The strong growth rate is certainly encouraging for the Japanese economy but does not go hand in hand with the absolute lack of inflation, which is the BOJ’s mandate. What will the central bank do? How will the yen react?
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