- Q4 was +2.4%
- The preliminary Q1 reading was -0.7%
- Q/Q GDP (not annualized) 0.0% vs -0.2% prelim (+0.6% in Q4)
- Private consumption GDP +0.1% vs 0.0% prelim
- Capex +1.1% y/y vs +1.4% prelim
This is a welcome surprise and should further tilt the Bank of Japan towards hiking rates, though the yen reaction has been minimal.
