Japan Q3 Revised GDP +0.3% q/q (prelim was +0.2%)

Japan data, improved economic growth data from the preliminary reading. USD/JPY little changed.

Private consumption came in at +0.7% q/q from +0.9% in the prelim, so that’s not a good result.

• Capex not as bad at prelim at -0.1% q/q from -0.2%
• Domestic demand +0.5% q/q from +0.6%

The better headline will be some encouragement for the Bank of Japan to hike. The December meeting is still looking uncertain for a hike, but political support seems to be firming:

• ICYMI – Japan’s main opposition leader calls for gradual BOJ rate hikes

This article was written by Eamonn Sheridan at www.forexlive.com.