Japan GDP slower than estimated.

 Japanese Q2 GDP  rose 0.7% Q/Q, half the initial estimate of +1.4% and below consensus of +1%. GDP fell a nominal 1% in annualized terms vs. +5.5% in Q1. The current account surplus declined 41% to ¥625.4B ($8B) in July. With the economy losing momentum, economists increasingly expect Japan to slip into contraction this quarter.