The final reading of the Japanese Gross Domestic Product (GDP) for the fourth quarter (Q4) grew 0.1% QoQ versus 0.3% expected and -0.1% prior, the Cabinet Office showed on Monday.

Furthermore, the Annualized GDP expanded by 0.4% versus the 1.1% expansion expected and the 0.4% contraction prior.

Market reaction

Following the Japanese growth numbers, the USD/JPY pair is down 0.20% on the day to trade at 146.46. 

About Japan’s Gross Domestic Product (GDP)

The Gross Domestic Product (GDP), released by Japan’s Cabinet Office on a quarterly basis, is a measure of the total value of all goods and services produced in Japan during a given period. The GDP is considered as the main measure of Japan’s economic activity. The QoQ reading compares economic activity in the reference quarter to the previous quarter. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish.