Japan Gross Domestic Product Deflator (YoY) -0.4% in 4Q

Japan's preliminary Gross Domestic Product (QoQ) for Q4)came at 0.3% vs 0.7% expected and 0.5% prior. The preliminary Annualized GDP(Q4) was 1.1% vs 2.8% expected and 1.1% prior. Meanwhile, the preliminary GDP Deflator (YoY)(Q4)P came at -0.4% vs -0.3% prior. The data is quite disappointing and it shows that the country's economic recovery is softer than previously thought, even as the BoJ continues engaged in its aggressive easing program.