Japan Q3 GDP -0.7% q/q (preliminary was -0.5%, prior +1.2%)

The advance studying for Japan’s Q3 financial development is right here:

• Japan preliminary Q3 GDP -0.5% q/q (expected -0.1%)

The deflator is a measure of inflation, it got here in at 5.3%

• anticipated 5.1%, prior 5.1%

Extra:

• Exterior demand contribution to GD was -0.1%
• Home consumption contribution was an terrible -0.6%

Financial development in Q3 was initially thought to have been down by 0.5% however the contraction was higher than that at -0.7%. In the meantime, inflation is powerful, the deflator exhibiting it above 5%. Yesterday Ueda mentioned there have been powerful instances forward. They’re already right here in response to these numbers.

This text was written by Eamonn Sheridan at www.forexlive.com.