Japanese automakers benefited from a weakened yen, bolstering their profitability amidst declining sales in the Chinese market and the challenging transition towards electric vehicles. Export Surge Offsets Post-Covid Consumer Recovery Slump While the headline GDP figures offer a sense of relief to policymakers focused on sustaining economic growth and achieving stable inflation, a more detailed analysis reveals underlying vulnerabilities within the household sector. The BoJ's recent policy will now allow 10-year Japanese government bond (JGB) yields to fluctuate around the 0% target level within a range of approximately plus and minus 0.5 percentage points.