On the sidelines of the G7 Summit in Brussels on Sunday a spokesman for
Japanese PM Abe said "The Japanese economy is returning to growth orbit".
Abe should get some support for that view today with the Cabinet Office release of the final Q1 GDP data (the preliminary is here, which showed the impact of the sales tax hike of the April 2014 waning abut business investment still needing improvement). Q1 GDP data is expected to be revised higher from the preliminary release.
For today, all due at 2350GMT:
Q1 GDP (sa)
- expected is +0.7% q/q (preliminary was +0.6%)
Q1 GDP annualized (sa)
- expected is +2.8% q/q (preliminary was +2.4%)
Nominal GDP (sa) q/q
- expected is +1.9% and preliminary was +1.9%
GDP Deflator y/y (an inflation measure)
- expected is +0.4% and prelim was +0.4%
GDP Private Consumption
- expected is +0.4% and preliminary was +0.4%
GDP Business Spending - note, expected to be much better
- expected +2.1, preliminary was 0.4%
Also ...
BoP Current Account Balance for April,
- expected ¥ 1687.4B, prior ¥ 2795.3B
BoP Current Account Adjusted for April:
- expected ¥ 1448.8B, prior ¥ 2066.3B
Trade Balance BoP Basis April:
- expected ¥ 153.0B, prior ¥ 671.4B
Bank Lending excluding trusts May, y/y:
- expected 2.6%, prior 2.7%
Bank Lending including trusts May y/y:
- prior 2.6%