• Japan’s Q1 GDP falls faster than expected
  • Consumption, capex both fall more than expected
  • Thrifty consumers, geopolitical factors among risks to outlook
  • Data creates doubts about timing of BOJ rate hikes – analysts

https://www.reuters.com/markets/asia/japans-gdp-contracts-complicating-bojs-rate-hike-plans-2024-05-16/