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Japan's Q3 GDP: Negative growth to force 2nd sales tax delay

FXStreet (Bali) - Japan's Gross Domestic Product (QoQ) for the third quarter of 2014 came on the soft side, printing -0.4% vs +0.5% exp and -1.8% in Q2.

As Westpac's Sean Callow notes a few minutes earlier: "A soft result is likely to be enough for Japan PM Abe to announce postponement of the consumption tax rise (8% to 10%) from Oct 2015 to some time in 2017. This announcement is likely Tue or Wed, along with an early election plan."

Additional headlines - via Rwuters

Japan july-sept annualised gdp -1.6 pct (poll: +2.1 pct)

Japan july-sept private consumption +0.4 pct qtr/qtr (poll: +0.8 pct)

Japan july-sept capex -0.2 pct qtr/qtr (poll: +0.9 pct)

Japan july-sept external demand contribution to gdp +0.1 pct point (poll: +0.1 pct pt)

Japan july-sept domestic demand contribution to gdp -0.5 pct point

Japan july-sept housing investment -6.7 pct qtr/qtr

Japan july-sept gdp deflator +2.1 pct yr/yr

Japan Gross Domestic Product Deflator (YoY) climbed from previous 2% to 2.1% in 3Q

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