Big misses in Japanese preliminary Q2 GDP numbers

Japan's preliminary real Q2 2016 GDP data came at 0% q/q vs 0.2% expected based on Reuters poll and 0.5% prior with the Q2 annualised GDP at +0.2%, against a Reuters poll of +0.7 and 1.9% last. Business spending and weak exports were the main contributing factors to the poor numbers seen,

Additonal headlines

GDP nominal (seasonally adjusted) for Q2, preliminary q/q:  0.2% vs 0.2% expectaed and 0.8% last (revised from 0.6%)

GDP deflator y/y for Q2, preliminary, stood at 0.8% vs 0.7% expected and 0.9% last

GDP consumer spending y/y for Q2, preliminary q/q, came at +0.2% vs 0.2% expected and 0.7% last (revised from 0.6%)

GDP business spending y/y for Q2, preliminary q/q, stood at -0.4%  vs 0.2% expected and -0.7% last