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Japan Grow 1.0% in Q1 2012; Not a Concern

posted by Avatar FXTimes 373 days ago in JPY, Technical, Fundamental

The preliminary reading of 1.0% Q1 growth was pretty much in line with the 0.9% expectation. This y/y number is 4.1%. Reuters notes that this data should not concern Bank of Japan into considering further stimulus. This means, in risk aversion JPY will continue to be safe haven (especially if there is a slowdown in Asia, like one in China)...
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