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More Japan press on GDP: Q3 likely +2.2%

More from the Nikkei, this time on Q3 GDP

(I posted on October GDP estimates earlier )

  • Cabinet Office will publish revised GDP Q3 data on December 8
  • Preliminary estimate (back on November 14) was at real GDP + 2.2% (annualized) for the quarter
  • The preliminary GDP data had capital investment climbing just 0.03% q/q, but data yesterday showed a +0.4% result (and -1.3% y/y)
  • The Nikkei cites a weakening yen "bodes well for earnings and investment since October, particularly in the manufacturing sector" ... may boost the economic growth estimate
  • Caution noted on a reduction in inventory in the GDP calculation, this will weigh on the GDP result

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


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

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