The final revision for Japan’s Gross Domestic Product has arrived. Japanese GDP Q4 GDP -1.7% annualised compared with -6.3% the flash reading. Japan Oct-Dec revised real GDP -1.8% QoQ (prelim -1.6%, Reuters poll -1.7%). Japan Oct-Dec revised real GDP annualised -7.1% (prelim -6.3%, poll -6.6%). Japan Oct-Dec revised capex -4.6% QoQ (prelim -3.7%, poll -4.3%). Japan Oct-Dec revised private consumption -2.8% QoQ (prelim -2.9%). Japan Oct-Dec revised net external demand contribution to GDP +0.5 pct point (prelim +0.5 pct point). Japan Oct-Dec revised domestic demand contribution -2.3 pct point (prelim -2.1 pct point). Japan Oct-Dec revised GDP falls at fastest pace since April-June 2014 – govt data. FX implications The markets were in expectation of a print slightly below the original estimate at -1.7%. “This weak number reflects the fragility of Japan’s economy ahead of COVID-19,” analysts at Westpac explained. The yen is picking up a safe haven bid regardless of the nation’s poor economic backdrop and prospects of a technical recession. How much longer the yen can carry such a status will depend on the Federal Reserve’s next move and US economic data. The US dollar, for the time being, is unwinding its carry trade bias considering an additional 50 basis point rate cut is being priced in. Description of GDP The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY: Bears dominate near multi-year low after Japan GDP matches forecast FX Street 3 years The final revision for Japan's Gross Domestic Product has arrived. Japanese GDP Q4 GDP -1.7% annualised compared with -6.3% the flash reading. Japan Oct-Dec revised real GDP -1.8% QoQ (prelim -1.6%, Reuters poll -1.7%). Japan Oct-Dec revised real GDP annualised -7.1% (prelim -6.3%, poll -6.6%). Japan Oct-Dec revised capex -4.6% QoQ (prelim -3.7%, poll -4.3%). Japan Oct-Dec revised private consumption -2.8% QoQ (prelim -2.9%). Japan Oct-Dec revised net external demand contribution to GDP +0.5 pct point (prelim +0.5 pct point). Japan Oct-Dec revised domestic demand contribution -2.3 pct point (prelim -2.1 pct point). Japan Oct-Dec revised GDP falls at fastest pace… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.