Japan GDP Dips 6.8% On Year In Q2



Japan's gross domestic product tumbled 6.8 percent on year in the second quarter of 2014, the Cabinet Office said in Wednesday's preliminary reading. That beat forecasts for a decline of 7.1 percent following the downwardly revised 6.1 percent gain in the first quarter (originally 6.7 percent). On an annualized quarterly basis, GDP dipped 1.7 percent - also beating expectations for a contraction of 1.8 percent following the downwardly revised 1.5 percent increase in the previous three months (originally 1.6 percent). The GDP deflator was up 2.0 percent on year, beating forecasts for 1.6 percent after easing 0.1 percent in the first quarter.

News are provided by InstaForex.