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Japan recession shifts focus on Abe from Kuroda

by Ashraf Laidi
Nov 17, 2014 17:54

Japanese PM Abe needed a bad GDP report in order to justify calling off the tax hike, and he got more than he bargained for. Unconfirmed reports suggest December 14 or 21 as a preferred date for a snap election. But watch the rating agencies as they will likely downgrade Japan next month. Full charts & analysis.

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Japan recession shifts focus on Abe from Kuroda - Usdjpy Vs Jgb Chart Nov 17 (Chart 1)

Act Exp Prev GMT
GDP Annualized (Q3) [P]
-1.6% 2.1% -7.3% Nov 16 23:50
GDP (Q3) (q/q) [P]
-0.4% 0.5% -1.9% Nov 16 23:50
GDP Deflator (Q3) (y/y) [P]
2.1% 2.0% Nov 16 23:50
 
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