Earlier posts on the strong data:
Japan Q4 GDP surges to +2.8% annualized (from +1.0% expected), deflator hits 2.8% – yen up
USD/JPY traded under 152.00 after the very strong Q4 economic growth data
Japan economy minister Akazawa on GDP:
- Expect economy to continue making modest recovery
- Need to be mindful of overseas economic downside risk including China and impact from US policy
- Need to be mindful that rising prices of food and other daily products may dampen consumer sentiment and slow consumption
- Government will implement thorough measures to counter rising prices
Yen is carrying on with its rise:
This article was written by Eamonn Sheridan at www.forexlive.com.
