Japan's Quarter 1 Gross Domestic Product 0.5% beats estimates of 0.0%

  • Japan's Quarter 1 (qtr 1) Gross Domestic Product (GDP) beat estimates of 0.0% by 0.5%.
  • USD/JPY pops 6 pips on the release.

Japan's Quarter 1(qtr) GDP was not expected to impress today with a consensus of -0.1%qtr after +0.5%qtr in qtr 4. Consumption and business investment have been weak in qtr 1 - Analysts at Westpac argued that net exports should provide some offset, "partly due to soft import demand (not ideal)". The analysts at Westpac also pointed out that, last week the government insisted that the sales tax increase planned for October would proceed.

Data arrived as follows:

  • GDP (seasonally adjusted) for Q, preliminary, 0.5% q/q expected -0.1%, prior +0.5%.
  • GDP Annualized (seasonally adjusted) for Q, preliminary % 2.1 y/y expected -0.2%, prior +1.9%.
  • GDP Nominal (seasonally adjusted) for Q, preliminary 0.8% q/q expected 0.1%, prior 0.4%.
  • GDP Deflator y/y for Q, preliminary 0.2% expected 0.2%, prior -0.3%.
  • GDP Consumer Spending y/y for Q, preliminary 1% q/q, expected -0.2%, prior was 0.4%.
  • GDP Business Spending y/y for Q, preliminary -0.3% q/q, expected -1.9%, prior was 2.5%, revised from 2.7%.

About the Gross Domestic Product (GDP)

GDP released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.


GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.


USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more