Q4 was +2.4%The preliminary Q1 reading was -0.7%Q/Q GDP (not annualized) 0.0% vs -0.2% prelim (+0.6% in Q4)Private consumption GDP +0.1% vs 0.0% prelimCapex +1.1% y/y vs +1.4% prelim
This is a welcome surprise and should further tilt the Bank of Japan towards hiking rates, though the yen reaction has been minimal.
This article was written by Adam Button at www.forexlive.com.