Japan’s Q2 GDP beat expectations, with stronger business spending and net exports offsetting a drag from inventories.
Japan Q2 GDP (Preliminary)
GDP SA (Q/Q): 0.3% (est 0.1%; prev 0.0%)
GDP Annualised SA (Q/Q): 1.0% (est 0.4%; prev –0.2%)
GDP Nominal SA (Q/Q): 1.3% (est 1.4%; prev 0.9%)
GDP Deflator (Y/Y): 3.0% (est 3.2%; prev 3.3%)
Private Consumption (Q/Q): 0.2% (est 0.1%; prev 0.1%)
Business Spending (Q/Q): 1.3% (est 0.7%; prev 1.1%)
Inventory Contribution to GDP: –0.3% (est –0.2%; prev 0.6%)
Net Exports Contribution to GDP: 0.3% (est 0.1%; prev –0.8%)
This is the fifth consecutive quarter of GDP increase
both consumption and capex have risen for those 5 straight quarters.Both JGB futures and USD/JPY are dipping a little after the data:
JGB futures dipping → Stronger-than-expected GDP, especially in business spending and exports, boosts expectations for additional Bank of Japan hikes ... eventually!. That nudges yields higher and pushes bond futures lower.
USD/JPY dipping → While the GDP beat is modest, it still points to a slightly firmer domestic economy, which can be yen-supportive at the margin. This looks to have prompted some traders to trim short-yen positions, leading to a small dip in USD/JPY.
In short: better GDP = less dovish BoJ bias = higher yields, stronger yen.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about japan preliminary q2 gdp 0 3 q q expected 0 1 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Japan preliminary Q2 GDP +0.3% q/q (expected +0.1%) )
Also on site :
- Aura AI Assistant for Unreal Engine Launches: VR Studio Ships Game in Half the Time with New Agent Capabilities
- Man accused of placing pipe bombs near GOP and Democratic headquarters in Washington to remain in jail pending trial
- FDA Clears BrainSpace Intellidrop, an automated neuro device that addresses ICU nursing shortages and builds training data for Physical AI