Japan Q2 GDP improves to 1.5% versus 0.8% expected and 0.1% prior, USD/JPY slides below 145.50

Japanese economic growth came in as 1.5% QoQ versus 0.8% expected and 0.1% prior, per the preliminary readings of the second quarter (Q2) 2023 Gross Domestic Product (GDP) figures.

More to come…

About Japan GDP

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.