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Japan: Foreign bond investment (May 10): ¥186.4B vs ¥301.2B

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Japan's GDP beats estimates

Japan's 1Q GDP came above market expectations, registering annual growth at 3.5% vs 2.7% expected. On a quarterly basis, Japan's Q1 GDP stood at +0.9% vs 0.7%. In nominal terms, Japan Q1 nominal GDP rose to +0.4% q/q vs +0.5% expected. Japan Q1 preliminary GDP deflator came at -1.2% y/y vs -0.9% expected).
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