After expanding at a pace of 0.50% in the first quarter this year, Japan's economic growth stalled in the following three months. Data from Japan's cabinet ministry released on Monday showed that GDP was unchanged in Q2 2016, missing expectations of a 0.20% increase. On a year over year basis, Japan's GDP expanded at a pace of 0.20%, missing forecasts of 0.70% and was lower than the first quarter's annual growth rate of 1.90%. Private consumption ticked higher, rising 0.20% on the quarter and matched the forecasts but business spending fell 0.40% during the same period missing forecasts of a 0.20% increase.
RBA Releases Meeting Minutes
Daily Analysis - 16/08/2016