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Japan data - Q3 GDP (preliminary) -1.2% q/q (annualized) vs. +1.1% expected)
The first reading for Japan's economic growth in the July, August & September quarter. Negative, ugly print.
The negative pace of growth compares to the 'rebound' impacted faster rate in Q2. Japan's recovery from the pandemic is sporadic. The external sector, i.e. exports, has been weighed upon by sluggish global demand and Russia's war on Ukraine. On the more positive side are improvement in supply chains, helping Japan's auto manufacturing sector. Japan's job market remains strong, s... Read More
Posted: Nov 14 2022, 23:51
Author Name: forexlive
Views: 111656