Japanese economic growth data for the January to March quarter of 2018

GDP (seasonally adjusted) for Q1, -0.2%

  • preliminary, q/q: -0.2%
  • prior 0.1%, was revised lower from 0.4% at the preliminary release

GDP Annualized (seasonally adjusted) for Q1, -0.6%

  • preliminary y/y -0.6%
  • prior 0.6%, revised from 1.6% at the preliminary release

GDP Nominal (seasonally adjusted) for Q1, -0.4%, worse than prelim

  • preliminary q/q -0.4%
  • prior 0.1%, revised from 0.3% (at the preliminary release)

GDP Deflator y/y for Q1, 0.5%

  • preliminary 0.5%
  • prior 0.0%
  • deflator is an inflation indicator

GDP Consumer Spending y/y for Q1 -0.1% …. worse than prelim

  • preliminary q/q, 0.0%
  • prior was 0.2%

GDP Business Spending y/y for Q1 0.3% better than prelim

  • -0.1% q/q prelim.
  • prior was 0.6%

In case you need reminding, this data is again indicative that there will be no early exit from extraordinary easing from the Bank of Japan

They are even crying uncle on inflation …. again:

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Preliminary data is here if you want more

And, response to the prelim release: