Japanese economic growth data for the April to June quarter of 2018

GDP (seasonally adjusted) for Q2, preliminary, q/q: 0.5% for a good size beat

  • expected 0.3%, prior -0.2%

GDP Annualized (seasonally adjusted) for Q2, preliminary y/y: 1.9% … ditto

  • expected 1.4%, prior -0.6%
  • 7 stragith quarters of GDP growth for Japan

GDP Nominal (seasonally adjusted) for Q2, preliminary q/q: 0.4%

  • expected 0.2%, prior -0.4%

GDP Deflator y/y for Q2, preliminary: 0.1%

  • expected 0.0%, prior 0.5%
  • Deflator is an inflation measure … and this result is just awful for those out there with a 2% target (lookin' at you BOJ)

GDP Consumer Spending y/y for Q2, preliminary q/q: 0.7% ditto on the good size beat

  • expected 0.2%, prior was -0.1%

GDP Business Spending y/y for Q2, preliminary q/q: 1.3% and same again, beat

  • expected 0.6%, prior was 0.3%
  • this is showing capex is growing, fro the 7th straight quarter

more to come

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For background on this: