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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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Free AccessMNI DATA IMPACT: Japan Q1 GDP Falls; 2nd Straight Contraction
--Japan Q1 Real GDP -0.9% Q/Q; Median -1.3%, -3.4% Annual (Median -5.0%)
--Japan Q1 Domestic Demand Contribution -0.7 PP
--Japan Q4 Real GDP Revised to -1.9% Q/Q, -7.3% Annualized
TOKYO (MNI) - Japan's economy contracted for the second straight quarter in
Q1, falling 0.9% q/q, or an annualized -3.4%, weighed by weak demand in the
private sector as the coronavirus outbreak spread, preliminary GDP data released
by the Cabinet Office Monday showed.
The Q1 decline was better than the MNI median forecast that pointed to a
contraction of 1.3% q/q, or an annualized -5.0%. The decline followed a fall of
1.9% q/q, or an annualized -7.3% in Q4.
The key points from the latest GDP data:
--Private consumption, which accounts for about 60% of Japan's GDP, fell
0.7% q/q in Q1, after a revised 2.9% fall in Q4. The median forecast was for a
1.7% q/q decline.
--Business investment fell 0.5% q/q in Q1, the second straight drop
following -4.8% in Q4. The median forecast was for a 1.4% fall.
--Net exports of goods and services -- exports minus imports -- made an
negative 0.2 percentage point contribution to total domestic output, the first
negative contribution in two quarters after pushing Q4 GDP growth up by 0.5
percentage point.
--Exports fell 6.0% on quarter in Q1 after rising 0.4% in Q4. Imports fell
4.9% after falling 2.4% in the previous quarter.
--Private-sector inventories contributed an negative 0.0 percentage point
to Q1 GDP following +0.0 percentage point in Q4, while public investment fell
0.4% on quarter, contributing -0.0 pp to GDP.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$]
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Why MNI
MNI is the leading provider
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