Japan GDP


Japan: Slower destocking sees Q1 GDP growth revised up

June 9, 2011

The economy contracted less than initially reported in the first quarter. According to the second preliminary estimate released by the Cabinet Office on 9 June, GDP dropped 3.5% at a seasonally adjusted annualised rate over the previous quarter, which was slightly better than the 3.7% contraction estimated earlier but short of market expectations of a 3.0% decline. An upward revision to inventories and slower import growth were the main factors behind the upward revision of the preliminary figures, while private-investment dropped an annualised 4.9%, after initially estimates saw it declining 3.5%. On a quarter-on-quarter basis, GDP contracted a seasonally adjusted 0.9%.


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Japan Economic News

  • Japan: Core inflation inches up in June

    July 20, 2018

    The core consumer price index rose 0.1% in month-on-month seasonally-adjusted terms in June, up from May’s flat reading. Core inflation was up a notch to 0.8% in June from 0.7% in May, which was in line with market expectations.

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  • Japan: Machinery orders decline in May

    July 11, 2018

    Although core machinery orders—a leading indicator of capital spending over a three- to six-month period—contracted in May, the fall was weaker-than-expected, suggesting that capital expenditure will gain steam further down the road.

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  • Japan: Business confidence weakens in Q2

    July 2, 2018

    According to the Bank of Japan’s quarterly Tankan business survey, sentiment among large manufacturers fell in the second quarter of 2018, suggesting economic momentum has yet to gain traction following a weak first quarter.

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  • Japan: Consumer confidence declines marginally in June

    June 29, 2018

    Consumer sentiment inched down to 43.7 in June from 43.8 in May, coming in just below market expectations of a stable print.

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  • Japan: Industrial production falls in May

    June 29, 2018

    Industrial production contracted 0.2% on a month-on-month and seasonally-adjusted basis in May, contrasting April’s revised 0.5% increase (previously reported: +0.3% month-on-month).

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