Free Trial

MNI DATA BRIEF: Japan GDP Posts First Expansion In 2 Quarters

TOKYO (MNI)

Japan's economy posted the first expansion in two quarters for the April-June period in the wake of the rebounds in capital investment and private consumption from a weak Q1, preliminary GDP data released by the Cabinet Office on Monday showed.

Second quarter calendar year GDP rose 0.3% q/q, or an annualized +1.3% following a revised -0.9% q/q, or an annualized revised -3.7% for the first quarter. The Q2 growth was largely in line with the MNI median forecast.

Private consumption, which accounts for about 60% of Japan's GDP, rose 0.8% q/q in Q1, after a revised 1.0% fall in Q1. Business investment rose 1.7% q/q in Q2, the first rise in two quarters following revised -1.3% in Q1.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
True
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
True

To read the full story

Close

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.