Policy outcome: A person looks at an electronic stock board showing Japan’s Nikkei index in Tokyo. The central bank is widely expected to maintain its wait-and-see stance when it meets next week. — AP
TOKYO: Japan’s economy contracted in the first quarter, a revised estimate confirms.
This weakness supports the Bank of Japan’s (BoJ) cautious stance and keeps political pressure on Prime Minister Shigeru Ishiba ahead of a key election.
