Japan’s Gross Domestic Product arrived for the quarter as follows:
Japan GDP
Real gdp +2.8% qtr/qtr (prelim +3.0%, reuters poll +3.0%).
Revised real gdp annualised +11.7% (prelim +12.7%, poll +12.8%).
Revised capex +4.3% qtr/qtr (prelim +4.5%, poll +4.1%).
Revised private consumption +2.2% qtr/qtr (prelim +2.2%).
Revised net external demand contribution to gdp +1.1 pct point (prelim +1.0 pct point).
Revised domestic demand contribution +1.8 pct point (prelim +2.0 pct points).
The yen is stable heading into the Tokyo open.
Description
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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