- Prelim was +2.1%
- Q4 was +0.8%
- Q/Q GDP +0.5% vs +0.3% expected
- Private consumption +0.3% vs +0.3% prelim and 0.0% in Q4
Separately, current account data for April showed a surplus of 3907B yen vs 3136B expected.
Overall, this is a good report and is supportive of the yen. All eyes are on intervention today with USD/JPY above 160.00.
This article was written by Adam Button at investinglive.com.
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