Free Trial

MNI POLICY: Japan Must Be Vigilant to Virus Impact: Minister

MNI (London)
      along with any impact on financial markets, Yasutoshi Nishimura, Minister
of State for Economic and Fiscal policy, said Monday.
     Although still seeing a recovery on the back of fiscal stimulus, Nishimura
pointed to the impact the outbreak could have on China's economy, supply chains
and tourism.
     Looking at the Q4 GDP data, Nishimura said the fall in private consumption
was a main driver, but noted both the pre-October hike buying and a post-hike
slowing were smaller than those around the 2014 hike.
     "Economic data after October showed that the drop in private consumption is
shrinking," he said.
     Japan's economy contracted for the first time in five quarters in Q4,
falling 1.6% q/q, or an annualized -6.3%, weighed by weak private demand,
preliminary GDP data released Monday by the Cabinet Office showed.
--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: M$A$$$,M$J$$$,MGJ$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.