Japan's eco min eyes terrible Q3 GDP report - will compile economic stimulus plan swiftly

Japanese Economy Minister Kiuchi:

• no change to view after Q3 GDP data that the economy is gradually recovering
• will compile an economic stimulus plan swiftly

The terrible data is here:

• Japan Q3 GDP -0.4% q/q (expected -0.6%). Preliminary reading.
• Japan’s economy contracted for the first time in six quarters

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Earlier:

• Japan expected to unveil ¥17tn stimulus focused on cost relief and AI–chip investment