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Stock impact report

Japanese Economy Contracts As Takaichi Readies Stimulus [Barron's]

BNP PARIBAS SPONS ADR (BNPQY) 
NASDAQ:AMEX Investor Relations: invest.bnpparibas.com/en
Company Research Source: Barrons
The quarter-on-quarter reading for gross domestic product beat market expectations of minus 0.6 percent but was the first contraction since the first quarter of 2024. Advertisement - Scroll to Continue The preliminary, seasonally adjusted figure follows growth of 0.6 percent -- revised upwards from an earlier reading of plus 0.5 percent -- for the April to June quarter. Takaichi became Japan's first woman prime minister in October and has tasked her government with putting together a new stimulus package. Finance Minister Satsuki Katayama said on Sunday that the value would be "well above" 17 trillion yen ($110 billion), local media reported. The cabinet was expected to approve the package on Friday, the reports said. Advertisement - Scroll to Continue BNP Paribas economist Ryutaro Kono said before the data was released that there was no need to view negative growth in the third quarter as "particularly serious". "Exports rebounded in September on a monthly basis. Sur Show less Read more
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