Japanese GDP

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

Myriad First-Quarter GDP Results

May 15, 2014

The euro touched an 11-week low of $1.3650 overnight and is trading 0.4% lower on balance.  The U.S. currency has also climbed 0.6% against the Swiss franc and 0.1% relative to the yen, Aussie dollar and sterling.  The loonie is 0.1% firmer, while the kiwi and yuan were unchanged on balance overnight. Share prices slumped […] More

Divergent Data Reports in Japan and China

February 17, 2014

The lack of U.S. leadership on this President’s Holiday held down currency movement.  The dollar is unchanged against the euro after touching a 3-week low of 1.3725 overnight.  The greenback is also flat against the Swissie, Aussie dollar and sterling.  The dollar is up 0.1% against the yen and kiwi, but down by 0.3% relative […] More

For a Monday, it’s Been Busy

December 9, 2013

Share prices in India rallied 1.6% on the opposition’s victory in state elections over the weekend.  In other Asia markets, stocks climbed 2.3% in Japan, 1.0% in South Korea, 0.9% in Taiwan and 0.8% in Malaysia and Indonesia.  Equities fell 0.8% in Australia and dipped 0.1% in China and the Philippines.  The Spanish IBEX and […] More

A Mixed Bag of GDP Figures and Leaked Yellen Testimony

November 14, 2013

Japanese GDP expanded 1.9% at an annualized rate between 2Q and 3Q, down from 3.8% in the second quarter but a shade stronger than expected.  The GDP price deflator was 0.3% lower than a year earlier.  On-year GDP growth more than doubled to 2.7%.  Among components of demand, consumption rose 0.4%, nonresidential investment climbed 0.7%, […] More

Some Good News From Asia

September 9, 2013

Japanese real GDP growth in 2Q13 was revised up sharply from 2.6% annualized reported initially to 3.8%.  Growth was also revised higher to 4.1% in the first quarter from 3.8% and to 1.1% in the final quarter of 2012 from 1.0%.  GDP between the second quarters of 2012 and 2013 climbed 1.2%.  The GDP price […] More

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