Japanese GDP

Dollar Calm All Things Considered

November 16, 2015

In the wake of the Jihadist attacks in Paris Friday night, the dollar has risen 0.1% against the euro, 0.3% versus the yen and Aussie dollar, and 0.2% relative to sterling.  The Swissie and yuan edged up 0.1% against the dollar.  The kiwi is 0.8% weaker. Share prices fell 1.5% in South Korea, 1.8% in […] More

Several Data Releases and a Mix of Market Responses

September 8, 2015

The unofficial post-summer currency market trading season began today and finds the dollar unchanged against the euro, dow 0.8% against the Australian dollar, 0.6% relative to sterling and 0.5% versus the kiwi but up by 0.5% relative to the yen and loonie and 0.2% vis-a-vis the yuan and Swiss franc. While the Japanese Nikkei plunged […] More

Japanese GDP and FOMC Minutes

May 20, 2015

Japanese first-quarter real GDP growth of 2.4% at an annualized rate (SAAR) was the second increase in a row, the best quarter since 1Q14, and faster than street expectations of 1.5%.  Growth last quarter was powered by stronger-than-predicted personal consumption (1.4%) and inventory building that augmented GDP growth by 2.0 percentage points (ppts).  Net exports […] More

Chinese, Japanese and German Trade Data Reveal Surprises

March 9, 2015

The risk-off trading environment that ensued after U.S. labor statistics were released Friday has continued. Share prices fell 2.1% in India, 1.3% in Indonesia and Australia, 1.0% in Japan and South Korea, and 0.9% in Taiwan.  The Chinese market’s 1.7% rise was an exception, reflecting hints the Premier Li that more stimulus in 2015 is […] More

Japanese GDP, Greek Debt Negotiations, and Holiday Closures in North America

February 16, 2015

The 2.2% annualized rise of Japanese real GDP last quarter merely reversed the third-quarter drop and left its level almost 7% lower than in the first quarter.  Real GDP for the year was flat compared to the average 2013 level, and the GDP price deflator’s 2014 increase of 1.6% was only half the size of […] More

Japanese GDP Returned to Positive Growth in 4Q but to Only a Weak Extent

February 15, 2015

Real GDP growth last quarter of 2.2% annualized from 3Q was only three-fifths as much as street expectations and followed negative growth of 6.7% in the second quarter and 2.3% in the third calendar period.  Real growth in 2014 was zero compared to a U.S. growth rate of 2.4% and even below the eurozone’s 0.9% […] More

Japanese GDP Shocker

November 17, 2014

Japanese real gross domestic product, which had been projected to rebound 0.5% or somewhat more, instead fell another 0.4% last quarter after an upwardly revised 1.9% plunge in 2Q immediately following the economy’s April consumption tax hike.  In annualized terms, GDP fell 7.3% in 2Q and 1.6% in 3Q, revealing an unexpected recession and reviving […] More

Sharp Overnight Drop in the Pound

September 8, 2014

Sterling has slumped 1.3% against the dollar in response to opinion polls pointing to a vote in favor of Scottish independence in a referendum scheduled for September 18. The U.S. currency is otherwise unchanged against the euro and yuan but up 0.3% relative to the Australian dollar, 0.2% versus the loonie and kiwi and 0.1% […] More

Several Instances of Weak Data Released Today

August 13, 2014

Japanese real GDP fell 6.8% annualized in the second quarter.  The decline reversed the first-quarter gain but was not quite as much as analysts had feared.  Because of a 20.5% dive in imports, net exports enhanced the growth rate by 4.4 percentage points, and involuntary inventory building accounted for another 3.9 percentage points of growth. […] More

Sales Tax Hike Causes Greatest Japanese GDP Contraction Since Sendai Earthquake

August 12, 2014

A 6.8% crash in real GDP last quarter reversed a 6.1% annualized jump in the first quarter of 2014, leaving the level of GDP this spring 0.1% less than in 2Q13 and just 1.1% above its level in the second quarter of 2012. Household spending, business spending, imports and residential construction were hammered by the […] More

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