AI Data Insight
In the first quarter of 2026, Japan's real Gross National Income (GNI) increased by 0.5% quarter-on-quarter, successfully reversing the -0.5% recession trend of the previous quarter and outperforming market consensus. Driven by the depreciation of the Japanese yen boosting overseas income and the recovery of export demand, the Japanese economy demonstrated resilience before the escalation of Middle East geopolitical risks, providing confidence for subsequent domestic demand recovery and a pivot in the central bank's policy.