Japan data, final Q3 GDP

...(preliminary is here)

GDP (seasonally adjusted) q/q: 0.3%

  • expected 0.0%, prior -0.2%

GDP Annualized (seasonally adjusted) q/q: 1.0%

  • expected +0.2%, prior -0.8%

GDP Nominal (seasonally adjusted): 0.4%

  • expected 0.2%, prior 0.0%

GDP Deflator y/y: 1.8%

  • expected 2.0%, prior 2.0%

GDP Consumer Spending y/y, 0.4%

  • expected is 0.5%, prior was 0.5%

GDP Business Spending y/y: 0.6%

  • expected 1.0%, prior was -1.3%

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A much better result from the preliminary release, and a yen positive ... not a huge response though.

Better data from Japan decreases the likelihood of further BOJ stimulus .

Also, all that stuff about Japanese recession .... errr ... off that.