More from the Nikkei, this time on Q3 GDP
(I posted on October GDP estimates earlier)
- Cabinet Office will publish revised GDP Q3 data on December 8
- Preliminary estimate (back on November 14) was at real GDP + 2.2% (annualized) for the quarter
- The preliminary GDP data had capital investment climbing just 0.03% q/q, but data yesterday showed a +0.4% result (and -1.3% y/y)
- The Nikkei cites a weakening yen "bodes well for earnings and investment since October, particularly in the manufacturing sector" ... may boost the economic growth estimate
- Caution noted on a reduction in inventory in the GDP calculation, this will weigh on the GDP result
