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Japan Gross Domestic Product Annualized registered at -7.1%, below expectations (-7%) in 2Q

FXStreet.com (Barcelona)

Japan GDP: Worst contraction since Q1 2009

Japan GDP (seasonally adjusted) for Q2, final reading, confirmed that the economy contracted the most since Q1 2009, after registering a -1.8% qoq, in line with expectations, while the GDP annualized (seasonally adjusted) for Q2, came at -7.1% yoy,-below the -7.0% expected and -6.8% last. Meanwhile, the GDP nominal (seasonally adjusted) for Q2, qoq, came at -0.2% vs -0.1% exp and -0.1% last.
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