Japan Gross Domestic Product Deflator (YoY) above forecasts (3.2%) in 1Q: Actual (3.3%)

The Japanese economy contracted by 0.2% QoQ over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% increase in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.