Institution: Japan's GDP is expected to grow by 0.4% quarter-on-quarter in Q1

Golden Ten Data, May 18 – Japan's first quarter GDP data will be released on Tuesday. Moody's Analytics stated in a report that, driven by a moderate recovery in domestic demand and net exports, Japan's economic quarter-on-quarter growth rate in the first quarter of this year is likely to rise from the previous 0.3% to 0.4%. However, the report noted that due to uncertainties caused by the Middle East conflict, Japan's economy may experience little to no growth for the remainder of the year. The rise in commodity prices is expected to push up inflation in the second quarter, suppress consumer and business spending, and increase Japan's nominal import bill.