- Casting a shadow on reflationary "Abenomics" polices, Japan's economy shrank by 0.6% on an annualized basis in Q1.
- That marks the end to eight straight quarters of GDP expansion, the nation's longest growth streak in 28 years.
- Economists say the contraction will be temporary, but there is chance that trade friction with the U.S. will hurt export demand.
- Nikkei -0.4% to 22,729.
- ETFs: DXJ, EWJ, FXY, YCS, DFJ, DBJP, JYN, JOF, JPNL, DXJS, HEWJ, JEQ, YCL, EWV, EZJ, SCJ, JPXN, DXJR, DXJF, JPN, JHDG, DXJH, JPMV, FJP, DXJT, HJPX, QJPN, DEWJ, DXJC, GSJY, HFXJ, JPNH, DDJP, DJPY, FLJH, FLJP, UJPY