Asian markets remain steady as holidays and weak Japan data slow trading

Asian stocks consolidated gains on Monday as major markets closed for holidays. Japan reported weak growth while investors awaited upcoming US economic data.

洞察:
Japan JPJP reported that its economy grew by an annualised 0.1% in the December quarter, a figure that fell well short of the 1.6% growth forecast by analysts. The unexpectedly weak performance was largely attributed to government spending, which acted as a drag on overall economic activity during the period. This data release has immediately shifted the narrative for the nation's economy, raising concerns about the strength of its recovery.
A woman walks past an electronic screen displaying a stock quotation board in Tokyo, Japan, on April 15, 2025. REUTERS/Issei Kato
A woman walks past an electronic screen displaying a stock quotation board in Tokyo, Japan, on April 15, 2025. REUTERS/Issei Kato
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