Japan GDP, preliminary for Q4 2019: -1.6% q/q (vs -1.0% expected

Author: Eamonn Sheridan | Category: News

Low expectations and even a miss on those. 

more to come  

GDP sa -1.6% q/q 
  • expected -1.0%, prior 0.4%
GDP annualised sa -6.3% q/q … so ugly, biggest fall since 2014
  • expected -3.8%, prior 1.8%
GDP nominal q-1.2% q/q 
  • expected -0.6%, prior 0.6%
GDP deflator (an inflation indication) 1.3% 
  • expected 1.1%, prior 0.6% ... some encouragement for the BOJ? 
Private consumption -2.9% q/q
  • expected -2.0% q/q, prior 0.5%
Business spending -3.7% q/q 
  • expected -1.6%, prior 1.8%

Just awful GDP numbers. Sales tax and typhoon impact cited. 
  • imports fell, first time in 3 quarters
  • exports fell for 2nd consecutive quarter


Just wait for Q1 and the coronavirus impact. 



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