Japanese GDP slides into the red

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It’s no surprise given the run of crappy data, but Japanese GDP has slid into the red this morning with GDP 3Q preliminary at -0.9%, versus expected -0.9%. Prior was +0.2%.

GDP annualised is -3.5%, expected was -3.4%, prior was +0.7%.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.