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Japan avoids recession as GDP jumps

May 18, 2016 2:16 AM ETEWJ, JEQ, JOF, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JHDG, JDG, HEGJ, HGJP, JPN, HFXJ, JPNH, HJPX, JPXN, FXJP, DEWJ, JNMFBy: Yoel Minkoff, SA News Editor11 Comments
  • Japan's economy dodged a recession last quarter as gains in government and consumer spending compensated for a slide in business investment.
  • Gross domestic product expanded by an annualized 1.7%, exceeding all forecasts and recording the nation's fastest pace of growth in a year.
  • What's next for Japanese monetary policy? Prime Minister Shinzo Abe is widely expected to announce new fiscal stimulus during the G7 Summit this month as part of his "Abenomics 2.0" program.
  • Nikkei flat at 16,646.
  • ETFs: DXJ, EWJ, DBJP, DFJ, JOF, JPNL, DXJS, EZJ, JEQ, EWV, HEWJ, SCJ, JPXN, JSC, JPP, DXJH, QJPN, JHDG, JPMV, DXJF, FJP, DXJR, DXJT, JPN, HGJP, DXJC, JDG, HFXJ, HJPX, HEGJ, JPNH, DEWJ, FXJP, DDJP

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