Japan's economy took a harder hit than expected in Q3. The annualized GDP contracted by 2.3%, overshooting the consensus forecast of a 2.0% decline. This marks a sharper slowdown than most analysts anticipated, raising fresh concerns about economic momentum in one of Asia's largest economies. With weaker-than-expected growth figures, risk sentiment across global markets could face some pressure. Historically, soft GDP prints from major economies tend to ripple through equities and risk assets, including crypto markets, as investors reassess growth outlooks and monetary policy trajectories. Keep an eye on how this data influences broader market flows in the coming sessions.