Intraday Market Thoughts
Japan recession shifts focus on Abe from Kuroda
by
Nov 17, 2014 17:54
Japanese PM Abe needed a bad GDP report in order to justify calling off the tax hike, and he got more than he bargained for. Unconfirmed reports suggest December 14 or 21 as a preferred date for a snap election. But watch the rating agencies as they will likely downgrade Japan next month. Full charts & analysis.
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Act | Exp | Prev | GMT |
---|---|---|---|
GDP Annualized (Q3) [P] | |||
-1.6% | 2.1% | -7.3% | Nov 16 23:50 |
GDP (Q3) (q/q) [P] | |||
-0.4% | 0.5% | -1.9% | Nov 16 23:50 |
GDP Deflator (Q3) (y/y) [P] | |||
2.1% | 2.0% | Nov 16 23:50 |
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