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MNI Japan Survey: Preliminary GDP for January-March

MNI (Singapore)
     TOKYO (MNI) - The following are the median forecasts for Japan's gross
domestic product for the January-March quarter of 2018 provided by economists
surveyed by MNI.
     Wednesday, May 16, 0850 JST (2350 GMT Tuesday, May 15): 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                                     0.0                 0.4
GDP Annualized                              0.0                 1.6
Consumption                                 0.0                 0.5
Capex                                       0.5                 1.0
Public Investment                           0.0                -0.2
Private Inventories                        -0.1                 0.1
Net Exports                                 0.0                -0.0
                                            GDP
                                          % Q/Q        % Annualized
Median Forecast                             0.0                 0.0
High Forecast                               0.1                 0.5
Low Forecast                               -0.2                -0.9
Previous                                    0.4                 1.6
Standard Deviation                          0.1                 0.4
No. of Responses                              9                   9
SMBC Nikko                                  0.1                 0.5
Mizuho Research                             0.1                 0.2
Dai-ichi Life Research
Institute                                   0.0                 0.1
BNP Paribas                                 0.0                 0.0
Sumitomo Mitsui AM                          0.0                 0.0
MUFG R&C                                   -0.1                -0.3
Japan Research                             -0.1                -0.4
NLI                                        -0.1                -0.5
Mitsubishi UFJ Morgan
Stanley                                    -0.2                -0.9
                                                                          Public
                                    Consumption               Capex        Works
                                          % Q/Q               % Q/Q        % Q/Q
Median Forecast                             0.0                 0.5          0.0
High Forecast                               0.2                 1.0          0.9
Low Forecast                               -0.2                -0.1         -0.6
Previous                                    0.5                 1.0         -0.2
Standar Deviation                           0.1                 0.3          0.4
No. of Responses                              9                   9            9
SMBC Nikko                                  0.1                 1.0          0.0
Mizuho Research                             0.1                -0.1          0.3
Dai-ichi Life Research
Institute                                   0.0                 0.8          0.0
BNP Paribas                                 0.0                 0.5         -0.4
Sumitomo Mitsui AM                         -0.1                 0.2          0.3
MUFG R&C                                    0.2                 0.3         -0.6
Japan Research                              0.0                 0.2          0.0
NLI                                        -0.2                 0.6          0.0
Mitsubishi UFJ Morgan
Stanley                                    -0.2                 0.5          0.9
                                        Private
                                    Inventories         Net Exports
                                        % Point             % Point
                                   Contribution        Contribution
Median Forecast                            -0.1                 0.0
High Forecast                               0.1                 0.1
Low Forecast                               -0.2                -0.1
Previous                                    0.1                -0.0
Standard Deviation                          0.1                 0.1
No. of Responses                              9                   9
SMBC Nikko                                 -0.1                 0.1
Mizuho Research                             0.1                 0.0
Dai-ichi Life Research
Institute                                  -0.2                 0.1
BNP Paribas                                -0.1                 0.1
Sumitomo Mitsui AM                          0.0                 0.0
MUFG R&C                                   -0.1                 0.0
Japan Research                             -0.1                 0.0
NLI                                        -0.1                 0.0
Mitsubishi UFJ Morgan
Stanley                                    -0.2                -0.1
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
[TOPICS: MTABLE,MAJDA$,M$A$$$,M$J$$$]

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