Slight beat for Japan Q1 revised real GDP -0.6% QoQ (2nd prelim -0.6%, Reuters poll -0.7%)

We have just seen a slight beat for Japan Q1 revised real GDP -0.6% QoQ (2nd prelim -0.6%, Reuters poll -0.7%).

Key notes

• 02-Aug-2020 17:50:11 – JAPAN JAN-MAR REVISED REAL GDP ANNUALISED -2.2% (2ND PRELIM -2.2%, POLL -2.8%)
• 02-Aug-2020 17:50:21 – JAPAN JAN-MAR REVISED CAPEX +1.7% QTR/QTR (2ND PRELIM +1.9%, POLL +1.1%)
• 02-Aug-2020 17:50:32 – JAPAN JAN-MAR REVISED NET EXTERNAL DEMAND CONTRIBUTION TO GDP -0.2 PCT POINT (2ND PRELIM -0.2 PCT POINT)
• 02-Aug-2020 17:50:39 – JAPAN JAN-MAR REVISED DOMESTIC DEMAND CONTRIBUTION -0.3 PCT POINT (2ND PRELIM -0.4 PCT POINT).

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.