Economic growth in Japan for April to June was even higher than initially reported in the earlier preliminary data (see below for link to that)
GDP (seasonally adjusted) for Q2 0.7% q/q
- preliminary 0.5%
GDP Annualized (seasonally adjusted) for Q2 3.0% y/y
- preliminary 2.6%
GDP Nominal (seasonally adjusted) for Q2 0.7% q/q
- preliminary 0.4%
GDP Deflator y/y for Q2 0.1%
- preliminary was 0.1% (deflator is an inflation measure)
GDP Consumer Spending y/y for Q2 0.7%q/q
- preliminary 0.7%
GDP Business Spending y/y for Q2 3.1% q/q … a big improvement even on the solid prelim result
- preliminary 1.3% (capex up for the 7th straight quarter)
- Capex showing quickest growth since Q1 of 2015
The headline result is the fastest eco growth since Q1 of 2016
Yne not doing too much on the release, it was not expected to. While inflation is missing target the BOJ will keep on with the very accommodative monetary policy. Or will they, check this out:
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