JPY: GDP grew by a faster than expected – Lloyds Bank

Research Team at Lloyds Bank, notes that the Japanese GDP grew by a faster than expected 0.4% in Q1 led by household and government spending.

Key Quotes

“However, 2015Q4 was revised down to show a 0.4% loss from 0.3% previously. That outturn may dent expectations of further policy easing in Japan.”