The Japan economic growth data for the January - March quarter was released earleir, an update to the preliminary reading back in May.

Reuters have popped up a recap of the data, flagging a worry ahead for Q2:

  • An increase in inventories also supported growth
  • That helped offset a 0.7% fall in capital spending, but could indicate lower GDP growth in the current quarter as inventory growth cools.
  • "Growth is likely to come in positively, but that isn't likely to lead to a wide sense of recovery," said Tsunoda, warning of the negative impact in the second quarter from China's strict coronavirus lockdowns.

Here is the link to the recap for a little more.

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