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15th Aug 2024 19:07China+Weekly Monitor

  • Japan’s Q2 GDP surprised to the upside; economic recovery is on a firmer footing than expected.
  • Consumption ended four consecutive quarterly falls in Q2 on the back of first real wage gains since 2022.
  • The BoJ is delighted to see more evidence of wage-price spiral; it provided the basis for July’s hike.

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Keywords for: 19 August 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence