Japan Revises Economic Growth Forecast Down to 0.9% for Fiscal 2024

The GDP is expected to grow 3.0% in nominal terms, the Cabinet Office reported Friday.

MT Newswires06:27 ET

Bank of Japan suspected market intervention, rare large-scale withdrawal of short-selling camp by hedge funds for over ten years.

During the week ending on July 16, the net short positions of Japanese yen in leveraged funds decreased by 38,025 contracts, the largest reduction since March 2011.

Zhitong Finance00:15 ET

Japanese Yen Declines Despite Rising Odds of BoJ Raising Interest Rates

The Japanese Yen (JPY) remains weak on Monday, extending its losing streak to a third consecutive session.

FXStreet23:19 ET

Japan's Core Inflation Perks Up, Keeps BOJ Rate Hike Hope Alive

The core consumer price index (CPI), which strips away the effect of volatile fresh food prices, rose 2.6% in June from a year earlier, slightly below market forecasts for a 2.7% gain.

Business Today22:23 ET

Japan Cabinet Office Cuts Fiscal '24 GDP Forecast

Due to slower consumer spending, Japan's gross domestic product (GDP) in fiscal 2024 started April 1 is now forecast to grow by 0.9% on year, revised downward from the previous outlook of 1.3%, the Cabinet Office disclosed Friday.

MT NewswiresJul 19 05:17 ET

Japan Lowers Fiscal Year 2023 GDP Growth Forecast

The Japanese government has revised its fiscal year 2023 GDP growth forecast down to 1.3% from 1.5%, citing a slowdown in exports.

MT NewswiresJul 19 05:06 ET