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Japanese GDP remains slugghish

USDJPY News by Newsroom on 19:51 June 07, 2016 EST
Japanese GDP for Q1 remain at 0.5% just a dash above the previous quarter and inline with the analysts expectation.

On an annualised basis Japan's final GDP was revised to 1.9% from 1.7%

Business Spending for the quarter came at -0.7%, worse than the expected -0.4% but better than the reading for the previous quarter at -1.4%.

The stronger yen appears to be a drag for the Asian country's exports.