JN Prelim GDP q/q
There are 2 versions of GDP released about a month apart – Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact. Source changed series calculation formula as of Dec 2004, Aug 2002, and Dec 2000;
- JN Prelim GDP q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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May 15, 2024 | -0.5% | -0.3% | 0.1% |
Feb 14, 2024 | -0.1% | 0.2% | -0.7% |
Nov 14, 2023 | -0.5% | -0.1% | 1.2% |
Aug 14, 2023 | 1.5% | 0.8% | 0.7% |
May 16, 2023 | 0.4% | 0.2% | 0.0% |
Feb 13, 2023 | 0.2% | 0.5% | -0.2% |
Nov 14, 2022 | -0.3% | 0.3% | 0.9% |
Aug 14, 2022 | 0.5% | 0.7% | -0.1% |
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- JN Prelim GDP q/q News
Japan’s economy shrank in the first quarter as consumers and companies cut spending, underscoring the fragile nature of the recovery and extending a dismal performance stretching back to last summer. Gross domestic product contracted at an annualized pace of 2% in the three months through March, the Cabinet Office said Thursday. Economists had forecast a contraction of 1.2%. Private consumption and capital spending both retreated, while net exports also dragged. Figures for the last quarter of 2023 were revised to show the economy ...
The GDP data released earlier today showed anything but a recovery, modest or otherwise: • Japan's annualised Q1 GDP -2.0% q/q (vs -1.5% expected)But, let's give Minister Shindo the benefit of the doubt and hope the weaknesses of January - March is behind Japan and the green shoots ... continue. • Economy is expected to continue moderate recovery. • Need to pay close attention to risks related to forex fluctuations that would push up domestic prices. • Need to pay close attention to global economy downturn risk such as outlook on • ...
Japan's economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to lift interest rates away from near-zero levels. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan's economy shrank 2.0 per cent annualised in January-March from the prior quarter, faster than the 1.5 per cent drop seen in a Reuters poll of economists. Downwardly revised data showed GDP barely grew in the fourth ...
At last week’s meeting, the Fed appeared less hawkish than expected, with Chair Powell ruling out rate hikes and hinting that they are still leaning towards cuts. The softer-than-expected jobs report for April corroborated that view, which was echoed by more policymakers this week. The only official expressing a different view was Minneapolis Fed President Neel Kashkari, who said that interest rates may need to stay at current levels all year and that the bar for a rate hike, although quite high, is not infinite. With all that in ...
Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. Gross domestic product (GDP) shrank at an annualized pace of 0.4% in the last three months of 2023, the Cabinet Office said on Thursday, after having contracted by an annualized 3.3% in the previous quarter. A recession is typically defined as two consecutive quarters of economic contraction. The decline was well below market ...
Japan’s economy unexpectedly contracted for a second quarter at the end of 2023 due to anemic domestic demand, slipping into recession and clouding the Bank of Japan’s path toward ending its negative interest rate policy. Gross domestic product shrank at an annualized pace of 0.4% in the final three months of last year, following a revised 3.3% contraction in the previous quarter, the Cabinet Office reported Thursday. The report showed both households and businesses cut spending. Only one among 34 forecasts from economists had ...
Equity and bond markets rebounded from the post-CPI selloff as Fed members downplayed the hot January CPI report. Japan slipped into a technical recession, which could question BOJ tightening hopes again but Nikkei strength and Yen weakness persisted. Dollar momentum eased, helping most G10 FX to recover some of the losses although GBP was the underperformer after dovish CPI and comments from Gov Bailey. Gold was also unable to catch a bid, and focus turns to comments from ECB’s Lagarde and Fed’s Waller in the day ahead. US Equities: ...
Released on May 15, 2024 |
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Released on Feb 14, 2024 |
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