Trial now

J&J Drags on Dow, DJIA Underperforms


USD/RUB Slips, Approaches April Lows


‌‌(M1)‌‌ Resistance Remains Intact

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Japan's economy grew at a slower rate than the previously estimated in Q4 as capital investment was revised lower, according to second preliminary data released by the Cabinet Office on Tuesday.

The economy expanded 2.8% q/q, or an annualized +11.7%, compared with the first preliminary estimates of +3.0% q/q and an annualized +12.7%.

Elsewhere in the revised data, capital investment rose 4.3% q/q, revised down from the 4.5% rise as seen in the preliminary release. The positive contribution from capital investments was unrevised at 0.7 percentage points.

Private consumption, which accounts for about 60% of Japan's GDP, was unrevised at +2.2% q/q, pushing overall GDP higher by an unrevised rounded 1.2 pps.

The contribution of net exports -- exports minus imports -- was revised to +1.1 percentage points from +1.0 pps.

Private-sector inventories to total domestic output contributed a revised to -0.6 percentage points from -0.4 pps, and the GDP contribution of public investment was unrevised at +0.1 pps.