Japan's GDP Booms, BoJ Rate Path Uncertain
Japan's economy experienced robust growth in Q1 2024, exceeding expectations and strengthening the case for potential Bank of Japan interest rate hikes.
19 May 2026
Japan's economy experienced robust growth in Q1 2024, exceeding expectations and strengthening the case for potential Bank of Japan interest rate hikes.
Japan's central bank raised interest rates to a 30-year high, driving up bond yields amid fiscal spending concerns and yen weakness.
Japanese officials signaled imminent yen intervention is possible after the currency fell to its weakest point since 2024, putting global markets on high alert.
Japan household spending fell 1.8% in February, a third straight drop, missing forecasts and complicating the outlook after the BOJ policy shift.