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Forex Flash: Japan Q3 GDP to be revised up from -0.9% QoQ to -0.8% - Capital Economics

By FXstreet.com,  December 07, 2012, 03:38:00 PM EDT

FXstreet.com (San Francisco) - The Japanese Cabinet Office will publish the final Gross Domestic Product Q3 report on Sunday at 23:50 GMT (8:50 Tokyo time). Market Economics team expects Q3 GDP to be revised up slightly from -0.9% q/q to -0.8%.

"This is due to non-residential investment having been less weak than was expected," Market Economics points. "The Ministry of Finance's quarterly investment survey showed that business investment excluding software fell by 2.5% q/q in Q3 (in nominal terms), the third consecutive contraction. This was lower than the preliminary estimate of -3.2% for non-residential investment in the GDP release, suggesting an upward revision which could boost the third quarter growth rate, albeit only slightly."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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