Mar 9, 2015
Japan GDP revised lower, officials wary of USD/JPY destabilization – BTMU
Derek Halpenny, European Head of GMR at Bank of Tokyo-Mitsubishi UFJ, shares that Japan lowered its Q4 GDP to 1.5% from prevoous 2.2%, and further adds that the expected change in Fed’s forward guidance will keep Japanese officials maintain a cautious approach due to concerns about destabilization of USD/JPY.
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