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MNI BRIEF: Japan Q4 Output Gap Posts Positive Figure - BOJ

(MNI) Tokyo
(MNI) TOKYO
DataPolicy NewsCentral Bank NewsAPACBank of Japan (BOJ) Market NewsJapanData BriefData StoriesBank of JapanBriefStoryRegion

The Bank of Japan estimated Japan's output gap at +0.02% in Q4, its first positive print in 15 quarters following -0.37% in Q3, indicating upward pressure on prices is increasing with a time lag, data released Wednesday showed.

The BOJ's read of the output gap, based on capital and labour stocks, is smaller than the Cabinet Office's last estimate of -0.6% in Q4 (vs. -0.5% in Q3), which is only based on second preliminary Q4 GDP data showing a 0.1% rise q/q, or an annualised rate of +0.4%.

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The Bank of Japan estimated Japan's output gap at +0.02% in Q4, its first positive print in 15 quarters following -0.37% in Q3, indicating upward pressure on prices is increasing with a time lag, data released Wednesday showed.

The BOJ's read of the output gap, based on capital and labour stocks, is smaller than the Cabinet Office's last estimate of -0.6% in Q4 (vs. -0.5% in Q3), which is only based on second preliminary Q4 GDP data showing a 0.1% rise q/q, or an annualised rate of +0.4%.

Keep reading...Show less