Japan Gross Domestic Product (QoQ) rises to 1% in 2Q from 0.3%

The final read of the Japanese GDP q/q 1Q came at 1.0% vs 0.9% expected and 0.9% last. The GDP deflator y/y 1Q also came better-than-expected at -1.1% vs -1.2% expected, -1.2% last. Meanwhile, the final GDP annualized 1Q stood at 4.1% vs an expected 3.5% and 3.5% last. The Japanese current account in April sae Y750.0B vs. ¥350.0B expected and a prior read of 1251.28B. The trade balance BOP Basis in April came at -818.8B, vs -¥729.9B expected and a prior of -¥219.9B.