GDP data showed Japan’s economy recovering gradually
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Japan’s economy minister Goto has crossed the wires and stated that Japan will seek labour market reform in order to achieve structural wage growth.
Japan’s economy grew an annualised 0.6% in the final three months of 2022, government data showed on Tuesday, bouncing back from the previous quarter’s contraction as the return of inbound tourists offset a slowdown in capital expenditure and exports, Reuters explained. USD/JPY rose initially on the data but is sinking again at the time of writing and marking fresh lows for the day of 132.07.
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