Japan GDP: Japan’s economy grew an annualised of just 0.6%, Yen’s a touch weaker
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Japan’s Gross Domestic Product released by the Cabinet Office has been released as follows:
Japan’s economy grew an annualised 0.6% in the final three months of 2022, government data showed on Tuesday, bouncing back from the previous quarter’s contraction as the return of inbound tourists offset a slowdown in capital expenditure and exports, Reuters explained.
”The fourth-quarter growth of Japan’s economy, the world’s third-largest, compared with the median estimate of a 2.0% gain in a Reuters poll of 18 economists.”
Japan’s Oct-Dec annualised GDP+0.6% (poll: +2.0%).
Japan real GDP +0.2% QoQ (Reuters poll: +0.5%).
Japan Oct-Dec private consumption +0.5% QoQ (poll: +0.5%).
Japan Oct-Dec Capex -0.5% qtr/qtr (poll: -0.2%)
Japan Oct-Dec external demand contribution to GDP +0.3 pct point (poll: +0.4 pct pt).
Japan exports +1.4% qtr/qtr
Japan domestic demand contribution to GDP -0.2 pct point
Japan GDP deflator +1.1% YoY.
More to come…
The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better-than-expected number is seen as positive for the JPY, while a low reading is negative.
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