Japan final Q3 GDP -0.8% q/q annualized (Q2 was +0.9%)

The flash reading was ugly:

• Japan data - Q3 GDP (preliminary) -1.2% q/q (annualized) (vs. +1.1% expected)

The final reading is only slightly less ugly.

• Q3 capex +1.5% q/q
• Q3 private consumption +0.1% q/q (down from the prelim reading, check out that link above for more prelims and priors)
• external demand contrictuon to GDP was -0.6%
• domestic demand contribution to GDP was +0.4%

The deflator reading was -0.3% y/y. This is an indicator of inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term.

---

Other data out at the same time:

BoP Current Account Balance for October -64.1bn yen

• expected 621.7bn, prior 909.3bn

Bop Current Account Adjusted -690.4bn yen

• expected 354.7bn yen, prior 670.7bn

Trade Balance Basis -1875.4bn yen

• expected -1825.7bn, prior -1759.7bn

---

Earlier from Japan:

• Over 80% of Japanese firms want a stronger yen

Note that what Japan Inc. wants it often gets .