The Japanese GDP contracted by 0.5% during for the second quarter, more then the first quarter -0.3%, while the analysts' expectations referred to -0.5%.

Moreover, Japan's annualized GDP final reading shrank to -2.1% in 2nd quarter, compared with a previous shrink by -1.3% a year earlier, where the analysts' forecasts estimated of -2.1%.

Japan's nominal gross domestic product dropped to -1.5% in the 2nd quarter, from -1.4%, and the expectations estimated of -1.6%.