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Japan's weak Q4 GDP rebound poses challenge for BOJ's exit path

2023-02-14 10:41:14       source:Reuters

February 14, 2023


TOKYO, Feb 14 (Reuters) - Japan's economy averted recession but rebounded much less than expected in the fourth quarter as business investment slumped, a sign of the challenge the central bank faces in phasing out its massive stimulus programme.


While private consumption is holding up against headwinds from rising living costs, uncertainties over the global economic outlook will weigh on Japan's delayed recovery from the scars of the COVID-19 pandemic, analysts say.


The world's third-largest economy expanded an annualised 0.6% in the final quarter of last year after slumping a revised 1.0% in July-September, government data showed on Tuesday.


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https://www.reuters.com/markets/asia/japans-economy-rebounds-q4-pace-much-slower-than-fcast-2023-02-14/