Japan economy minister Akazawa is wary about the strong GDP result. ps. Yen still rising.

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.