USD/JPY is up a few tics, little response to the data:
- Japan GDP data for Q1 (final): +1.6% q/q (+1.4% expected)
- Japan GDP data released, and here’s all the other data – bank lending and more
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Via FastFT … a fast response to the data release, noting some important detail:
- the revised figures show business spending skyrocket by 7.6 per cent in the quarter, up from an original read of 4.6 per cent.
- Consumer spending was also revised up, albeit slightly, from 2.1 to 2.2 per cent.