A disappointment on Japanese economic growth in the October - December quarter of 2022.
The preliminary reading was +0.2%, but thats been revised to flat at 0% change on the quarter.
- prelim and priors are here
- even the preliminary reading was a disappointment, the expected was +0.5%
The 'deflator' you see in the numbers above is an indicator of inflation. Its well below the officially reported CPI numbers and well below the 2% Bank of Japan target. So, no economic growth and inflation below target. Its difficult to see the BOJ tightening policy under this set of circumstances.
