Japan GDP Tumbles After Biggest CapEx Collapse Since Financial Crisis | WHAT REALLY HAPPENED

Japan GDP Tumbles After Biggest CapEx Collapse Since Financial Crisis

In a world where economic growth is rapidly slowing down, and in many case contracting outright, the latest news out of Japan will hardly boost confidence that an economic recovery is just around the corner.

Moments ago Japan's Cabinet Office reported that the already contracting Q3 GDP was far worse than initially estimated, printing at -2.5% Q/Q annualized, below the -2.0% expected, and more than twice as bad as the original estimate of -1.2%. On a sequential basis, nominal GDP declined 0.7%, below the 0.5% consensus estimate.

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