Earlier posts on the strong data:

Japan Q4 GDP surges to +2.8% annualized (from +1.0% expected), deflator hits 2.8% - yen up

USD/JPY traded under 152.00 after the very strong Q4 economic growth data

Japan economy minister Akazawa on GDP:

  • Expect economy to continue making modest recovery
  • Need to be mindful of overseas economic downside risk including China and impact from US policy
  • Need to be mindful that rising prices of food and other daily products may dampen consumer sentiment and slow consumption
  • Government will implement thorough measures to counter rising prices

Yen is carrying on with its rise:

usdyen chart Japan gdp 17 February 2025 2
Source: Forex Live