Japan’s economy grows at solid pace in Q1, but Iran war set to upend momentum
Businesstimes News·- Japan's economy grew at an annualized rate of 2.1% in the first quarter, exceeding the market's expected 1.7%. - This growth is now threatened by the energy impacts of the Iranian conflict, with analysts predicting a slowdown in future quarters. - Private consumption increased by 0.3%, while net external demand contributed 0.3 percentage points to growth, despite rising risks from oil price fluctuations and supply disruptions.