🇯🇵 🇯🇵 BREAKING: Japan’s annualised Q1 GDP -2.0% q/q (vs -1.5% expected). The GDP Deflator is a measure of inflation, comes in at 3.6%. Expected 3.3%, prior 3.9%. Capex -0.8% q/q (poll: -0.7%) – capex down for first time in two quarters. Exports -5.0% q/q. Expotts down for first time in four quarters, and the biggest decrease since Q2 2020. •Domestic demand contribution to GDP -0.2%. Private consumption down for fourth straight quarter
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