Free Trial

(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Sydney)

Japan's economy has the potential for a forceful recovery as exports continue to be strong and capital investment remains solid, Economy Minister Yasutoshi Nishimura said on Tuesday.

Nishimura, however, said that the government must carefully pay attention to the impact of the state of emergency until the end of May on economic activity and sentiment.

He also said the economic contraction in the first quarter was mainly due to weaker private consumption, mainly weak service spending, on the back of the second state of emergency for the period between Jan. 8 and March 21.

Nishimura, however, added that demand for goods remains solid and the drop in private consumption (-1.4% q/q) in the first quarter wasn't as big as the -8.3% q/q fall in the second quarter of 2020 caused by the first state of emergency.

Japan's economy posted the first contraction in three quarters for the January-March period in the wake of weaker private consumption and slowing capital investment, according to preliminary GDP data released on Tuesday by the Cabinet Office.

Q1 GDP fell 1.3% q/q, or an annualized -5.1% following an unrevised 2.8% q/q, or an annualized revised 11.6% for the fourth quarter of 2020.

The Q1 contraction was largely in line with the MNI median forecast that pointed to a fall of 1.3% q/q, or an annualized -5.0%.

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.