Japan’s Goto: GDP data shows moderate economic pickup continuing

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Following the release of the Japanese Q1 Gross Domestic Product (GDP) data early Wednesday, the country’s Economy Minister Shigeyuki Goto said that “GDP data shows moderate economic pickup continuing.”

Meanwhile, Japanese Chief Cabinet Secretary Matsuno said that the “government views economy as a whole continues to gradually recover.”

USD/JPY is holding higher ground near 136.50, up 0.09% on the day, as the Japanese Yen fails to capitalize on the upbeat domestic GDP data.

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