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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 Q1 GDP of economists surveyed by MNI.
     The Cabinet Office releases preliminary Q1 GDP on Monday, May 18, 0850 JST
(2350 GMT Sunday, May 17). 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                -1.3      -1.8
GDP Annualized         -5.0      -7.1
Consumption            -1.7      -2.8
Capex                  -1.4      -4.6
Public Investment      -1.1       0.7
Private Inventories     0.0       0.0
Net Exports             0.0       0.5
                      GDP
---------------------------------------
                    % Q/Q  % Annualized
Median Forecast      -1.3          -5.0
High Forecast        -0.9          -3.5
Low Forecast         -1.7          -6.5
Previous             -1.8          -7.1
Standard Deviation    0.3           1.0
No. of Responses        8             8
Sumitomo Mitsui DS AM          -0.9  -3.5
-----------------------------------------
NLI                            -0.9  -3.6
Mizuho Research                -1.1  -4.3
Japan Research                 -1.2  -4.8
Mitsubishi Research            -1.3  -5.1
Mitsubishi UFJ Morgan Stanley  -1.4  -5.3
Daiwa Institute of Research    -1.5  -5.8
Mitsubishi UFJ R&C             -1.7  -6.5
                               Consumption  Capex  Public Works
-----------------------------------------------------------------
                                     % Q/Q  % Q/Q         % Q/Q
Median Forecast                       -1.7   -1.4          -1.1
High Forecast                         -0.5   -0.5           0.2
Low Forecast                          -2.5   -3.3          -2.8
Previous                              -2.8   -4.6           0.7
Standard Deviation                     0.6    0.8           0.9
No. of Responses                         8      8             8
Sumitomo Mitsui DS AM                 -0.5   -1.0          -0.9
NLI                                   -1.3   -1.9          -1.3
Mizuho Research                       -1.6   -1.3           0.2
Japan Research                        -1.8   -1.5          -1.3
Mitsubishi Research                   -2.0   -1.6          -0.6
Mitsubishi UFJ Morgan Stanley         -1.5   -3.3          -2.8
Daiwa Institute of Research           -2.5   -1.3          -2.0
Mitsubishi UFJ R&C                    -2.0   -0.5          -0.7
                                Private Inventories            Net Export
---------------------------------------------------------------------------
                               % Point Contribution  % Point Contribution
Median Forecast                                 0.0                   0.0
High Forecast                                   0.2                   0.2
Low Forecast                                    0.0                  -0.5
Previous                                        0.0                   0.5
Standard Deviation                              0.1                   0.2
No. of Responses                                  8                     8
Sumitomo Mitsui DS AM                           0.0                  -0.3
NLI                                             0.0                   0.2
Mizuho Research                                 0.0                   0.0
Japan Research                                  0.0                   0.1
Mitsubishi Research                             0.0                   0.0
Mitsubishi UFJ Morgan Stanley                   0.2                  -0.1
Daiwa Institute of Research                     0.2                   0.2
Mitsubishi UFJ R&C                              0.0                  -0.5
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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