The Japanese economy contracted by 0.2% over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.
The Japan’s Gross Domestic Product (GDP) fell at an annual rate of 0.7% in Q1 versus 2.2% prior, below the market consensus of -0.2%.
Market reaction to Japan’s GDP data
At the press time, USD/JPY trades 0.03% lower on the day at 145.61.
