Japan GDP (seasonally adjusted) for Q4, final, q/q: -0.3%
- expected -0.4%, preliminary was -0.4%, prior 0.3%
GDP Annualized (seasonally adjusted) for Q4, final y/y: -1.1%
- expected -1.5%, preliminary was -1.4%, prior 1.3%
GDP Nominal (seasonally adjusted) for Q4, final q/q: -0.2%
- expected -0.3%, expected -0.3%, prior 0.6%
GDP Deflator y/y for Q4, final: 1.5% (this is a measure of inflation)
- expected +1.5%, preliminary 1.5%, prior 1.8%
GDP Consumer Spending (aka private Consumption) y/y for Q4 -0.9%
- expected -0.8%, preliminary -0.8%, prior +0.4%
GDP Business Spending y/y for Q4 +1.5%
- expected +1.2%, preliminary +1.4%, prior 0.7%
And, more:
BoP Current Account Balance for January, ¥ 520.8B
- expected ¥ 715.5B, prior ¥ 960.7B
BoP Current Account Adjusted for January: ¥ 1492.4B
- expected ¥ 1654.8B, prior ¥ 1635.4B
Trade Balance BoP Basis January: ¥ -411.0B
- expected ¥ -530.0B, prior ¥ 188.7B
Bank Lending excluding trusts February y/y: 2.2%
- expected 2.4%, prior 2.4%
Bank Lending including trusts y/y: 2.2%
- prior 2.3%
-
OK, al the blanks filled in. What a waste of time - yen barely changed.
The final read for GDP comes in better than expected not as bad as expected.
OK, time for some 'on the one hand but on th other hand':
- Private consumption disappointed
- Capex (business spending) better
- Deflator is showing 1.5% inflation, which is not too shabby and getting close to the 2% target ... but its down on the previous quarter
more to come