Japan economy grows in Q1 over estimates

Bokeh of Shibuya Shopping Street, Japanese trade and investment, Asia economy - Görsel
Japan economy grows in Q1 over estimates

Japan’s economic growth in the first quarter of this year was upwardly revised, the government data said on Monday. According to the figures announced by the Cabinet Office, the economy grew an annualized real 2.2 percent in the first quarter of 2019, beating preliminary expectation of 2.1 percent. In an another development during the day, Bank of Japan (BOJ) Governor Haruhiko Kuroda told Bloomberg in an interview that the bank can deliver more big monetary stimulus if necessary. He said the BOJ will ease further if momentum toward its 2% inflation target is lost. According to Kuroda, cited by Bloomberg, the bank has 4 options: cutting the -0.1% negative rate further, lowering the target for 10-year yields, increasing the monetary base, or boosting asset purchases.