Japan Data released:
- Q4 BSI Business Conditions for Large Manufacturers: -10.3 (Prior was -2.5%) (Big worsening in manufacturing sentiment)
Q4 BSI Business Conditions for All Industry: -5.5 (Prior was -2.2%)
- Q3 GDP (final): -0.9% (prior -0.9%, mkt expected -0.8%)
(GDP annualized(final): -3.5% (Prior -3.5%, mkt expected -3.3%))
Q3 GDP Deflator, YoY (final): -0.8% (Prior -0.7%, mkt expected -0.7%)
Q3 Nominal GDP (final): -0.9% (Prior -0.9%, mkt expected -0.9%)
- Oct Current Account Total: Y376.9B (Prior Y503.6B, mkt expected Y230.9B)
- Oct Adjusted Current Account: Y414.1B (Prior Y142.0B, mkt expected Y247.0B)
Oct. Trade Balance: -Y450.3B (Prior Y471.3B, mkt expected Y450.0B)
Current Account Balance (Yearly % Change): -29.4% (Prior -68.7%, mkt expected -59.0%)
- Nov. Bank Lending: 1.0% (Prior +0.9%)
Japan economy contracts for second consecutive quarter in Q3