Japan’s Gross Domestic Product (GDP) grew at at annualized rate of 1.5 percent in August compared to a growth rate of 0.4 percent in July. While better than expected, growth continues to fall from the 5 percent registered during the first three months of the year.
Ã¢â‚¬Å“Make no mistake — weÃ¢â‚¬â„¢re not at a point where we can be relieved,Ã¢â‚¬Â said Masamichi Adachi, a senior economist at JPMorgan Chase & Co. in Tokyo. Ã¢â‚¬Å“Downside risks are rapidly rising with the global slowdown and strong yen.Ã¢â‚¬Â
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.