Japan's Q3 GDP preliminary 5.0% QoQ vs. expected 4.4%, yen unchanged

Japan's Q3 Gross Domestic Product preliminary result arrives at 5.0% QoQ vs. expected 4.4%, but the yen is unchanged.

More to come...

Description of Gross Domestic Product 

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.