Japan's Q3 GDP Plunges, Clouding BOJ's Path
TL;DR Summary
Japan's Q3 GDP has been revised to an annualized -2.9%, worse than the initial estimate of -2.1%, as consumption and capital expenditure both declined. Real wages and household spending also continued to fall in October, contributing to the sluggish consumption. The Bank of Japan's efforts to phase out its accommodative monetary policy are complicated by these economic challenges, and weak personal consumption is expected to persist due to declining real disposable income.
- Japan's Q3 GDP falls faster than first estimates as consumption sags Reuters
- Asia markets mixed as Japan's third-quarter GDP revised downward, India holds rates CNBC
- Japan's Deepest Contraction Since Pandemic Clouds Path for BOJ Bloomberg
- Japan GDP shrinks faster than first thought Reuters
- USD/JPY hit hard after the terrible GDP figures, back under 143.50 ForexLive
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