Japan Q3 GDP better than expected at 5.3% vs pre 5%

Japan revised real Gross Domestic Product arrived at +5.3% QoQ (vs prelim +5.0%, Reuters poll +5.0%).

More to come...

Description Gross Domestic Product

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.