Japan Q1 GDP recap - economy stinks for first time in 2 years

Stinks? Oh, sorry, my bad: Japan's economy shrinks for first time in two years

tee hee

Data and initial response is here: Japan Q1 GDP (prelim): -0.2% q/q (expected flat at 0.0%)

A few other recaps of the poor economic growth data:

Reuters: Japan's economy shrank for the first time in nine quarters

• private consumption and capital expenditure slowed

Bloomberg: Japan's Economy Contracts, Snapping a Two-Year Growth Streak

• economists expect a rebound in the current quarter as the global economy regains traction.

FT (may be gated): Japan GDP suffers first contraction since 2014

• The contraction snapped an eight-quarter streak of growth that was the longest stretch of uninterrupted growth since a 12-quarter run that ended in 1989.