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Japanese annual GDP contracts

Posted by Akhilesh Ganti on Feb 13, 2013 7:27:00 PM

YEN GDPdata Q42012

Japans' economy underperforms market expectations as annualized real GDP contracted by 0.4% -vs- forecasts of growth of +0.4%. Japanese economic minister Amari released a statement stating that while the economy is weak, there are expectations of a gradual recovery. The BOJ rate announcement and statement slated for release later on today will likely be scoured thoroughly for any clues as to whether they will accede to the wishes of Abe and fall in line with his plans for reviving growth. Additionally, it would appear that this weekends' G20 meeting(s) will prove to be more interesting than might have been originally thought as the prospect of igniting Japanese growth might have just become a global issue.

YEN GDP 2012




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