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Japan Q2 GDP revised down to 4.8% from 6%

The preliminary economic growth data for the second quarter of 2023 in Japan is here:Japan preliminary Q2 GDP +1.5% q/q (vs. expected +0.8%)Q2 GDP has been revised to +1.2% q/q and +4.8% y/yfrom +1.5% and +6.0% respectivelyThe data confirms weak domestic demand with private consumption coming in at -0.6% q/q (the preliminary for this was -0.5%). Business investment is soft too, capex coming in at -1.0% q/q (the prelim on this was -0.7%).External demand a positive contribution at +1.8% q/q.The de... Read More

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Posted: Sep 7 2023, 23:50

Author Name: forexlive

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