Japan: Economy contracts in Q3; Prelim GDP -0.9%

By FXstreet.com,  November 11, 2012, 07:05:00 PM EDT

FXstreet.com (San Francisco) - Expectations for a contraction in Japanese Gross Domestic Product ( GDP ) Annualized for Q3 were realized on Monday, reported at -3.5% (cons. -3.4%), while Prelim GDP QoQ for the same period was reported at -0.9% (-0.9%), according to the Cabinet Office. Bloomberg is calling this the worst GDP print since the earthquake and tsunami of 2011. Weighing on the economy were exports, consumption and private capital expenditures, while government expenditures and inventories supported.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: GDP



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