Japan Q1 GDP recap - economy stinks for first time in 2 years
Stinks? Oh, sorry, my bad: Japan's economy shrinks for first time in two years
Data and initial response is here: Japan Q1 GDP (prelim): -0.2% q/q (expected flat at 0.0%)
A few other recaps of the poor economic growth data:
- private consumption and capital expenditure slowed
- economists expect a rebound in the current quarter as the global economy regains traction.
FT (may be gated): Japan GDP suffers first contraction since 2014
- The contraction snapped an eight-quarter streak of growth that was the longest stretch of uninterrupted growth since a 12-quarter run that ended in 1989.