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MNI DATA SURVEY: Japan Preliminary GDP for January-March

MNI (London)
     TOKYO (MNI) - The following are the median forecasts for Japan's
preliminary GDP for the January-March quarter provided by economists surveyed by
MNI.
     Monday, May 20, 0850 JST (2350 GMT Sunday, May 19): The Cabinet Office
releases preliminary Q1 GDP. The median forecasts are in quarter-on-quarter
percentage changes, except for the contributions of private inventories and net
exports, which are in percentage points.
Data                 Median  Previous
-------------------------------------
GDP q/q                -0.1       0.5
GDP Annualized         -0.2       1.9
Consumption            -0.1       0.4
Capex                  -2.2       2.7
Public Investment       1.4      -1.7
Private Inventories     0.0       0.0
Net Exports             0.3      -0.3
                                 GDP
--------------------------------------------------
                               % Q/Q  % Annualized
Median Forecast                 -0.1          -0.2
High Forecast                    0.4           1.4
Low Forecast                    -0.1          -0.5
Previous                         0.5           1.9
Standard Deviation               0.2           0.6
No. of Responses                   8             8
Mitsubishi Research              0.4           1.4
SMBC Nikko Securities            0.1           0.4
Mitsubishi UFJ R & C             0.0          -0.1
NLI                              0.0          -0.2
Japan Research                  -0.1          -0.2
Mitsubishi UFJ Morgan Stanley   -0.1          -0.5
Daiwa Institute of Research     -0.1          -0.5
Sumitomo Mitsui DS AM           -0.1          -0.5
                               Consumption  Capex  Public Works
-----------------------------------------------------------------
                                     % Q/Q  % Q/Q         % Q/Q
Median Forecast                       -0.1   -2.2           1.4
High Forecast                          0.1    0.6           4.4
Low Forecast                          -0.2   -3.0           0.0
Previous                               0.4    2.7          -1.7
Standard Deviation                     0.1    1.2           1.3
No. of Responses                         8      8             8
Mitsubishi Research                    0.1    0.6           0.0
SMBC Nikko Securities                  0.1   -3.0           1.0
Mitsubishi UFJ R & C                  -0.1   -1.7           1.2
NLI                                   -0.1   -1.8           1.3
Japan Research                         0.1   -3.0           4.4
Mitsubishi UFJ Morgan Stanley          0.0   -2.8           1.4
Daiwa Institute of Research           -0.1   -2.6           2.3
Sumitomo Mitsui DS AM                 -0.2   -1.5           1.5
                                Private Inventories            Net Export
---------------------------------------------------------------------------
                               % Point Contribution  % Point Contribution
Median Forecast                                 0.0                   0.3
High Forecast                                   0.0                   0.5
Low Forecast                                   -0.1                   0.0
Previous                                        0.0                  -0.3
Standard Deviation                              0.1                   0.2
No. of Responses                                  8                     8
Mitsubishi Research                             0.0                   0.1
SMBC Nikko Securities                          -0.1                   0.5
Mitsubishi UFJ R & C                            0.0                   0.1
NLI                                            -0.1                   0.3
Japan Research                                  0.0                   0.3
Mitsubishi UFJ Morgan Stanley                   0.0                   0.2
Daiwa Institute of Research                    -0.1                   0.3
Sumitomo Mitsui DS AM                           0.0                   0.0
--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$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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