JN Prelim GDP q/q

Japan's economy expanded an annualised 2.8 per cent in the October-December quarter, government data showed on Monday, backed by strong business spending and beating analyst forecasts. Strong domestic demand is helping support a recovery in the world's fourth-largest economy, even as U.S. President Donald Trump's tariff threats fuel concerns about the export outlook. The positive figures will also likely support the Bank of Japan's plan to keep hiking interest rates and normalise monetary policy. The increase in gross domestic ...

The US threat of aluminum and steel tariffs and reciprocal tariffs initially shook the markets, but the implementation at some future date gives the impression that the threats are negotiating ploys helped take away the sting. In his first term, Trump converted some of the tariffs to quotas, and that one scenario for the likely outcome now. Still there is great uncertainty of the US intent and strategy. For its part, the greenback finished last week lower against all the G10 currencies but the Japanese yen. It is not coincidental ...

Japan's economy probably expanded in the final three months of 2024 marking a third quarter of consecutive growth, a Reuters poll showed, as strong business investment outweighed anaemic consumption. The Bank of Japan raised short-term interest rates last month to their highest in 17 years, and growth momentum in the world's fourth-largest economy will be among the key factors determining its rate hike schedule this year. Japan's real gross domestic product (GDP) is forecast to have risen an annualised 1.0 per cent in ...

apanese stocks led gains in Asian equities after in-line US inflation data calmed market jitters on Wall Street and kept the Federal Reserve on track to cut interest rates next month. The advance in Tokyo followed economic-growth data that exceeded forecasts, while stocks in Australia also rose. Chinese equities gained after data pointed to signs of stabilization in retail sales and home prices. The S&P 500 and Nasdaq 100 both closed higher Wednesday after year-on-year core consumer prices, which excludes food and energy costs, ...

Japan's economy expanded by a faster-than-expected annualised 3.1 per cent in April-June, data showed on Thursday (Aug 15), rebounding from the previous quarter thanks to a solid pick up in consumption. The data backs up the Bank of Japan's forecast that a solid economic recovery will help inflation sustainably hit its 2 per cent target, and justify raising interest rates further. The increase in gross domestic product (GDP) compared with a median market forecast for a 2.1 per cent gain, and followed a revised 2.3 per cent slump in ...