Japan April-June GDP Flat On-Quarter, Missing Forecasts for 0.2 Pct Growth

Japan’s economy failed to grow on a quarterly basis during the April-June period, with gross domestic product (GDP) growth coming in at zero, missing forecasts.

On an annualized basis, GDP expanded 0.2 percent, slowing dramatically from the 1.9 percent spike in the first three months of the year.

A Reuters poll of economists had predicted an annualized increase of 0.7 percent and a quarterly rise of 0.2 percent.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.