Japan - "There was nothing good in today’s GDP data"

From Japan's Cabinet Office earlier today we got the unwelcome news that Gross domestic product fell an annualized 1.6 percent from January-March

Link to the data is here, and a summary of analyst response is here

More now (via Bloomberg, any bolding is mine):

• "There was nothing good in today's GDP data," said Hideo Kumano, an economist at Dai-ichi Life Research Institute and a former BOJ official. "Private consumption was very weak, while exports also weakened, reflecting a slowdown in emerging economies, especially China."
• "If momentum in exports and consumption remains weak, the government will have no choice but to discuss stimulus measures," said Masayuki Kichikawa, an economist at Bank of America Corp.
• "Government and BOJ officials are likely to emphasize growth rates should be averaged out,"said Yoshiki Shinke, an economist at Dai-ichi Life Research Institute. "Even so, economic data show that it's getting difficult to say Japan is recovering now."