tag : economics
tag : japan
tag : currency
Japan’s economy is predicted to contract by 0.6% in 2024, according to a survey of economists by Nikkei and the Japanese Association for Industries. The declining demand for manufacturing products and exports due to a strong yen as well as issues in the labor force are primarily responsible for this contraction. The weakening economy is a cause for concern for the country’s central bank, which has already stated that a further easing of monetary policy may be necessary. This incremental deterioration of economic data in Japan further emphasizes the challenging economic climate worldwide.
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