2019-02-13 21:05:01 | Japan's economy grew 1.4% in Q4Japan's economy grew 1.4% in Q4 (q/q, saar) following the 2.6% drop in Q3 (revised from -2.5%). The Q4 GDP gain was as-expected, as the temporary factors that hit Q3 GDP (typhoons and an earthquake) were unwound in Q4. Consumption bounced 0.6% after an 0.2% dip. Exports climbed 0.9% in Q4 after a 1.4% drop in Q3, undershooting hopes for a Q4 gain that was at least equal to the Q3 drop. Business investment was a bright spot, powering upwards by 2.4%. The Nikkei 225 is marginally firmer with a 0.2% gain. USD-JPY is holding near 111.0, having tracked higher from 110.40 lows on Tuesday. |
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