Japan’s Surprise Positive Is A Huge Minus

By |2019-05-20T12:45:35-04:00May 20th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Preliminary estimates show that Japanese GDP surprised to the upside by a significant amount. According to Japan’s Cabinet Office, Real GDP expanded by 0.5% (seasonally-adjusted) in the first quarter of 2019 from the last quarter of 2018. That’s an annual rate of +2.1%. Most analysts had been expecting around a 0.2% contraction, which would’ve been [...]