Japan 3Q Gross Domestic Product Annualized declines to 1.9% vs 3.8%

Japan's preliminary gross domestic product (QoQ) (Q3) came at 0.5% vs 0.4% expected and 0.9% prior quarter, with the GDP annualized (Q3) reading at 1.9% vs 1.7% expected and 3.8% last. The reading are in line with the latest comments from BoJ Chief Kuroda, stating the Japanese economy continues to recover at a moderate pace.