The yen fell after the publication of weaker-than-expected Japanese GDP data

USD / JPY has risen more than 50 points, breaking the level of Y114.00, after Japan's GDP for the fourth quarter, which turned out to be weaker than expected.

According to the Cabinet of Ministers of Japan, Japan's GDP in the fourth quarter, seasonally adjusted, increased by 0.2%, lower than economists forecast and the previous value of 0.3%. On an annualized basis, Japan's economy grew by 1.0%, which is below the forecast of 1.1%. However, the value of the third quarter was revised from 1.3% to 1.4% GDP report expresses the total value of all final goods and services in monetary terms, made by Japan for a certain period of time. This is the main macroeconomic indicators of market activity because it assesses the growth or decline of the economy.

Nominal GDP increased by 0.3% after +0.2% prior. This was an increase for the fourth quarter in a row. The GDP deflator, indicating the rate of inflation, dropped by 0.1%, while analysts expected a decline of -0.2%.

Consumer spending in the fourth quarter remained flat after rising 0.3% in the third quarter, but business spending increased by 0.9% after declining 0.3% previously.

Exports expanded rapidly since the fourth quarter of 2014. The contribution of external demand to GDP was + 0.2%, domestic demand flat.