Japanese GDP

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

Japanese GDP Data Weaker than Forecast

August 12, 2013

The dollar opened this week with gains of 0.6% against the yen and Swissie, 0.4% versus the Aussie and New Zealand dollars, 0.3% relative to the euro, 0.2% vis-a-vis the loonie and 0.1% against sterling.  The yuan matched the U.S. currency’s advances. Stocks in the Pacific Rim closed mixed, with drops of 0.9%, 0.7% and […] More

A Focus on China and Japan

June 10, 2013

Released Chinese data were not as good as expected. Export growth slowed to a 1.0% on-year pace in May, which was a 10-month low.  Imports were 0.3% lower than in May 2012, and the trade surplus of $20.4 billion was close to expectations. Industrial production growth edged lower to 9.2%. Analysts were predicted 9.3%, same […] More

Weaker-than-Projected Ezone GDP Depresses Euro and European Equities

February 14, 2013

The dollar has risen 0.9% against the euro and 0.6% versus the Swiss franc.  The U.S. currency otherwise is up 0.2% relative to sterling and 0.1% against the loonie and Aussie dollar but down 0.3% against the yen and 0.5% versus the kiwi.  The yuan is steady, showing no reaction to confirmation remarks by Jacob […] More

Strengthening Yen Depressed Japanese Growth

December 10, 2012

It’s easy to see why Japanese officials have been distressed about the overvalued yen.  The currency’s appreciation since the onset of the global financial crisis in August 2007 has correlated with relatively weak Japanese GDP growth including three distinct recessions.  The weakest value of the yen in 2007, 124.14 per dollar, was touched on June […] More

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