Japan: Q3 GDP falls slightly more than expected at -0.9%

FXstreet.com (San Francisco) - Data showed Monday that the Japanese economy contracted for a second straight quarter, shrinking largely in line with consensus expectations in Q3 2012 from the previous quarter, falling to -0.9% (cons: -0.8%) vs. 0.1% in Q2, the Cabinet Office reported. The annualized GDP also came in slightly weaker than expected at -3.5% (cons: -3.3%) vs. 0.3%. Japan’s current account for October was also reported at 376.9B (cons: 230.9B).