Japan: Q2 GDP beat expectations - TDS

Research Team at TDS, suggests that the final reading for Japanese Q2 GDP beat expectations, +0.7%/q compared to a moderate +0.2% rise.

Key Quotes

“Upward revisions via capital spending, private inventories and public investment.  The BoJ’s Dep Gov. Nakaso made a few comments today, claiming the Japanese economy is no longer in deflation, judged negative rate policy as having a remarkable effect and stated the BoJ should continue with easing, but ruled out cuts to negative rates.”