Japan GDP preliminary for Q1 2022: -0.2% q/q (vs. expected -0.4%)

Japan GDP preliminary for Q1 2022

GDP sa -0.2% q/q

• expected -0.4%, prior +1.1%

GDP annualised sa -1.0% y/y

• expected -1.8%, prior +4.6%

GDP deflator (an inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term indication) -0.4% y/y

• expected -1.2%, prior -1.3%

Private consumption 0.0% q/q

• expected -0.5% q/q, prior 2.4%

Business spending 0.5% q/q

• expected 0.7%, prior 0.3%

External demand -0.4% q/q

• expected -0.3%, prior 0.2%

Not as dire as expected. A Japanese government official commenting on the results says the contraction was caused mainly by rises in imports (ie. net external demand slipping).

Check out the deflator, which is an indication to inflation. Negative, but not as negative as expected.

USD/JPY update, not a lot of change so far for the session here.