If you’re just waking up (this is me when I wake up to check the screen:
Japan GDP was out today: Japan Q2 GDP (preliminary): -1.7% q/q (SA) (vs. -1.8% q/q expected)
Reuters and Bloomberg have recaps up:
* April-June GDP shrinks -1.7 pct qtr/qtr vs f’cast -1.8 pct
* BOJ seen unfazed, but weak data to keep it under pressure
* Private consumption falls 5.0 pct as tax hike takes toll
- Japan’s economy contracted the most since the record earthquake three years ago as consumption and investment plunged
Also, follow up comments from Japan’a economy minister Amari here and here
