Japan Q3 GDP weak but tad better than eyed, Q4 better?
Japan Q3 GDP weak but YY better than eyed, QQ +0.2%, YY +0.9%, YY +0.7% eyed
BOJ expecting moderate growth to continue, looks to be in line with outlook
Market eyeing better data from Oct on in Q4, would provide reason to hike
Lack of external demand weighing on growth, contribution -0.4%, +0.1% eyed
CAPEX also weak at QQ -0.2% as eyed, exports up some however, QQ +0.4%
Private consumption QQ +0.9%, +0.2% eyed, domestic demand contribution +0.6%
The GDP deflator came in at YY 2.5%, above BOJ's 2% inflation target
See nP8N3M500E, nP8N3LS02O, nL4N3MM00I, comment on BOJ nL1N3MK07T
For more click on FXBUZ
BOJ keeps rates steady: https://reut.rs/3YKqnyA
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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