Japan Q4 2022 GDP (preliminary) 0.2% q/q, missing estimate of 0.5%

From our calendar:

That missing number, for the deflator, is +1.1% y/y. The deflator is a measure of inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term.

For 2022 as a whole real GDP was +1.1%, comparing poorly with +2.1% growth in 2021.

More:

• private consumption +0.5% q/q
• domestic demand constitution to GDP GDP Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within a country's borders in a specific period of time, typically a year. It is used to measure the economic activity and growth of a country. Periods shorter than a year are often presented in an annualized or year-over-year format.There are three ways to calculate GDP:The expenditure approach: GDP is calculated by adding up all the spending on goods and services within a country. This includes consumer s Gross Domestic Product (GDP) is the monetary value of all the goods and services produced within a country's borders in a specific period of time, typically a year. It is used to measure the economic activity and growth of a country. Periods shorter than a year are often presented in an annualized or year-over-year format.There are three ways to calculate GDP:The expenditure approach: GDP is calculated by adding up all the spending on goods and services within a country. This includes consumer s Read this Term is -0.2%
• capex -0.5% q/q (first drop in 3 quarters, and weakest in 5 quarters)
• exports +1.4% q/q

---

USD/JPY little moved. Today we get confirmation from Japan that Kazuo Ueda will be nominee for the next Bank of Japan Governor. Given Japan's governing coalition has a very comfortable majority in parliament his confirmation hearing are pretty much just a formality.