Preliminary Japanese Q4 GDP data is due for the Cabinet Office at 2350GMT
GDP (seasonally adjusted) q/q:
- expected -0.2%, prior +0.3%
GDP Annualized (seasonally adjusted) y/y:
- expected -0.8%, prior +1.0%
The lower expectation is on the basis of lackluster performance in private (consumer) spending, poor capex and lower exports that expected. Any improvement sin these should see the GDP number come in better than expected. On the other hand, a rise in inventories are a risk to the down side.
GDP Nominal (seasonally adjusted) q/q:
- expected -0.1%, prior +0.4%
GDP Deflator y/y:
- expected 1.6%, prior 1.8%
GDP Consumer Spending
- expected is -0.6%, prior was 0.4%
There have been hopes for a recovery in consumption but it has not seemed to have materialized.
GDP Business Spending y/y
- expected -0.2%, prior was +0.6%
While corporate profits have remained robust they are off a little from their peak. Capex spending intentions are positive, but firms are hesitant still.
