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Japan's GDP beat expectations, RBNZ to cut rate

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Forex News and Events Japan’s 3Q GDP increased (by Yann Quelenn) Against all odds, Japan’s gross domestic product rose at a 1% annualized rate vs 0.2% expected and way above the preliminary reading of -0.8%. As a result, Japan is avoiding technical recession, which consists of two consecutive quarters of economic contraction. It turns out that corporate capital spending, as well as consumption were better-than-expected and drove GDP higher. The major information out of those prints is that the

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