Japan Heading in Right Direction

Japanese gross domestic product was flat in October-December from the previous quarter, government data showed on Friday, revised up slightly from a preliminary estimate, suggesting that the economy is slowly crawling out of a mild recession.

The reading compared with a median forecast of economists for 0.1 percent quarter-on-quarter growth, and an initial estimate of a 0.1 percent contraction, due to an upward revision to private capital spending, the revised Cabinet Office data showed.

That translated into annualized growth of 0.2 percent in price-adjusted real terms, matching an average forecast of economists and compared with an initial reading of a 0.4 percent contraction, the data showed.

CNBC

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.