Japan revisions Q4 GDP below that complicates the interest rate Boj

Japan’s economic growth in the fourth quarter slowed down to 2.2% year -on -year, complicating the Central Bank’s case to further increase the interest rate in the near future.

Revised data came in the average economists’ forecast Initial growth rate 2.8%.

Based on a quarter of a quarter GDP increased by 0.6%compared to Growing previous data by 0.7% Last month released, reviewed cabinet data was shown on Tuesday.

Japanese Bank is likely Reports Reuters. However, the bid council can discuss another raising of the rate throughout the time, due to the concern of inflation pressure from the earnings and stubborn food costs.

Japanese Prime Minister Monday said Shiger Isaib that the Central Bank was close to reaching its inflation by 2%. “Japan’s Bank takes different steps to reach stable prices,” he said.

As the Central Bank sought to normalize its ultra-credit policy last year, it raised short-term interest rates by a quarter percent up to 0.5% in January– the highest level from the depths of the global financial crisis in 2008.

Japanese Bank Governor Kazuo Wad and Other members of the council that sets the rate have signal about further raising rates When inflation moves towards its 2%inflation target.

10-year-old government bond country Recently grew to the highest level since October 2008Against the backdrop of sustainable inflation in the country, the global bond sale, as well as the comments of the Central Bank that it will continue to turn to the purchase of Japanese government bonds.

Japan’s headline inflation has Remained over 2% target Boj for 34 consecutiveFrom the very last figure in January reached a two -year maximum of 4%.

The so -called “basic” inflation rate, which deprives prices of both fresh food and energy and is carefully monitored by BOJ, rose to 2.5%in January, reaching the highest rate since March 2024.

Separately, Boj is planned to release the price index for corporate goods in January on Wednesday, which estimates the prices for goods that companies charge each other. The sensor is expected to indicate a decrease by 0.1% per month, according to a Reuters survey, with 4.0% jumping compared to a year earlier.

– CNBC Lim Hui Jie contributed to this report.