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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JAPAN DATA
Q2 preliminary GDP rose a stronger-than-expected 1.5% q/q (6% saar) to be up 2.1% y/y following 0.9% and 1.9% in Q1. This is the strongest quarterly increase since the Covid-affected Q4 2020. The strength was driven by export growth of 3.2% q/q driven by autos, which resulted in net exports contributing 1.8pp to growth. This suggests that global growth is proving resilient so far in 2023. Tourism is also recovering, which should continue over H2. Domestic components were lacklustre though with consumption falling 0.5% q/q, investment flat and inventories detracting 0.2pp.
Japan real GDP growth %
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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