JN Final GDP q/q

Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday. That shows clear risks remain, including U.S. economic growth, which greatly affects export-reliant Japan. Political uncertainty in Japan is another risk as the ruling party picks a new leader. About a dozen candidates are seeking to succeed Prime Minister Fumio Kishida as head of the Liberal Democratic Party. The winner of its Sept. 27 ...

Japan's economy expanded in April-June at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending, government data showed on Monday. Japan's GDP expanded by an annualised 2.9 per cent in the second quarter from the previous three months, the Cabinet Office's revised data showed, versus economists' median forecast for a 3.2 per cent growth and a 3.1 per cent rise in the preliminary estimate. The revised figure translates into a quarter-on-quarter expansion of 0.7 per cent in ...

After the US jobs report and Fed speak, the market scaled back the odds of a 50 bp cut at the September 17-18 FOMC meeting. It settled last week slightly below a 30% chance. The odds were shaved for the second consecutive week. Fed officials have indicated that the full employment mandate is now of greater significance given its growing confidence that inflation is heading back toward its 2% target. Next week's August CPI and PPI are likely to be consistent with that narrative. Ahead of the weekend, the two-year yield posted its ...

Japan's economy contracted less than initially reported in January-March, due to upgrades in capital expenditure, government data showed on Monday. Analysts expect the Japanese economy to have bottomed out in the first quarter, although a stubbornly weak yen and disruptions at major automaker plants continue to weigh on the outlook. Japan's GDP shrank a revised 1.8 per cent annualised in the first quarter from the previous three months, Cabinet Office data showed on Monday, versus economists' median forecast for a 1.9 per cent ...

Recent weakness in consumption has emerged as a fresh source of concern for Bank of Japan policymakers who are eyeing an exit from negative interest rates, three sources familiar with its thinking said, suggesting market expectations of an imminent rate hike may be over-blown. The yen and Japanese bond yields have jumped on market expectations of an imminent policy change after BOJ Governor Kazuo Ueda said on Thursday the central bank will face an "even more challenging" situation in the year-end and next year. But Ueda's remark, ...