Japanese GDP External Demand QoQ Final (Q4) Q/Q 0% vs. Exp. 0.0% (Prev. -0.2%, Rev. From -0.3%)
The final reading for Japan's Q4 GDP external demand came in at 0%, aligning with expectations after a prior revision from -0.3%.
Iran plans to impose duties on tankers and ships in Persian Gulf, according to a source cited by CNN
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Japanese GDP External Demand QoQ Final (Q4) Q/Q 0% vs. Exp. 0.0% (Prev. -0.2%, Rev. From -0.3%)
Japanese Finance Minister Katayama says G7 energy ministers are expected to meet tonight to discuss process of oil reserve release, adds no doubt that the drop in oil futures was a result of G7 solidarity, though not sure if they have fallen enough
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Japan gave order to prepare for the release of oil reserves
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This indicates a stabilization in external demand, important for assessing Japan's growth trajectory. However, the previous negative figure raises questions about the strength of the recovery and its implications for future monetary policy and demand for commodities, particularly in the metals sector.
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