Japan's final Q3 GDP comes worse-than-expected

FXStreet (Bali) - Japan's final Q3 GDP data came even worse than the preliminary, at 0.5% q/q vs expected -0.1% and preliminary -0.4%, confirmign two straight quarters of recession in the country, as the sales tax hike introduced back on April 1st keeps weighing on economic growth.

Other headlines

Japan Gross Domestic Product Annualized came in at -1.9% below forecasts (-0.5%) in 3Q

Japan Gross Domestic Product (QoQ) came in at -0.5%, below expectations (-0.1%) in 3Q

Japan Current Account n.s.a. above expectations (¥366.3B) in October: Actual (¥833.4B)

Japan Bank lending (YoY) climbed from previous 2.4% to 2.7% in November

Japan Trade Balance - BOP Basis dipped from previous ¥-714.5B to ¥-766.6B in October