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.

Click To Enlarge

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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