Japan's Strong GDP Figures Are A Red Herring

Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank

16-Aug-23 07:30

Japan's Strong GDP Figures Are A Red Herring

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The sun continues to shine on Japan, as it recorded an impressive 2nd quarter GDP growth of 6%, driven by surging exports. However, not all is well as the yen continues to fall and the domestic economy remains weak. We speak to Vishnu Varathan, Head of Economics & Strategy at Mizuho Bank for an economic outlook, and whether its central bank will intervene on the Yen.

Image Credit: Shutterstock

Produced by: Yeong Yeng Yee

Presented by: Wong Shou Ning, Philip See, Mark Tan

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Categories: markets, economy

Tags: japanese economy, japanese yen,

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