Japan’s economy grew at an annualized rate of 1.2% in Q3 2024, surpassing initial estimates of 0.9%. This stronger-than-expected growth has intensified speculation about an imminent interest rate hike by the Bank of Japan. The revised data, showing a 0.3% quarter-on-quarter expansion, strengthens the case for monetary policy tightening and has contributed to the yen’s recent appreciation.
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