Japan's gross domestic product contracted by an annualized 6.3 percent in the fourth quarter of 2019, the Cabinet Office said in Monday's preliminary report.
That was well shy of expectations for a decline 3.8 percent following the 0.5 percent increase in the three months prior.
On a seasonally adjusted quarterly basis, GDP sank 1.6 percent - again missing forecasts for a decline of 1.0 percent following the 0.1 percent gain in the third quarter.
Nominal GDP was down 1.2 percent on quarter, missing expectations for a drop of 0.6 percent after gaining 0.6 percent in the previous three months.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2151874/
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