Forex News 24
  • RSS

news

Japan GDP Pushed Up To 0.4% On Quarter In Q4

Japan GDP Pushed Up To 0.4% On Quarter In Q4
админ
08/03/2018

c9dea409641b9811e057e06338251199 - Japan GDP Pushed Up To 0.4% On Quarter In Q4

Japan’s gross domestic product advanced a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2017, the Cabinet Office said in Thursday’s revision.

That exceeded expectations for an increase of 0.2 percent after last month’s preliminary reading suggested a gain of 0.1 percent.

On a yearly basis, GDP was pushed up to 1.6 percent – again topping forecasts for 1.0 percent and up from 0.5 percent in the preliminary reading.

In the third quarter, GDP expanded 0.6 percent on quarter and 2.2 percent on year.

Nominal GDP was moved up to 0.3 percent on quarter, beating forecasts for 0.1 percent after showing no change in the preliminary report. It advanced 0.6 percent in Q3.

The GDP deflator was revised up to 0.1 percent versus expectations for a flat reading – which would have matched the preliminary report following the 0.2 percent gain in the third quarter.

Private consumption was unrevised at 0.5 percent on quarter, in line with expectations following the 0.6 percent decline in the previous three months.

Business spending was revised up to 1.0 percent on quarter from 0.7 percent, although that was shy of expectations for 1.3 percent. It was also up 1.0 percent in Q3.

The Japanese economy has now expanded in eight straight quarters, the first such streak in more than three years.

Also on Thursday:
• The Bank of Japan said that the value of overall bank lending in Japan was up 2.1 percent on year in February, coming in at 521.735 trillion yen. That follows the downwardly revised 2.3 percent increase in January (originally 2.4 percent).

Excluding trusts, bank lending again was up an annual 2.1 percent to 453.679 trillion yen – slowing from the 2.3 percent gain in the previous month.

Lending from trusts climbed 2.5 percent on year to 68.055 trillion yen, while loans from foreign banks spiked an annual 16.7 percent to 2.459 trillion yen.

• The Ministry of Finance said that Japan had a current account surplus of 607.4 billion yen in January. That exceeded forecasts for a surplus of 437.4 billion yen following the 797.2 billion yen surplus in December.

The trade balance reflected a deficit of 666.6 billion yen versus expectations for a shortfall of 691.0 billion yen following the 538.9 billion yen surplus in the previous month.

Exports were up 12.7 percent on year to 6.226 trillion yen, while imports advanced an annual 8.1 percent to 6.893 trillion yen.

Source

Related ItemsbalanceBank of Japandeficitdomestic productGDPGDP deflatorJapanJapan GDPJapanese economyQ4The Bank of Japantradetrillion

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
08/03/2018
админ
Related ItemsbalanceBank of Japandeficitdomestic productGDPGDP deflatorJapanJapan GDPJapanese economyQ4The Bank of Japantradetrillion

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Australia January Trade Surplus A$1.055
Will Draghi Catch the Markets and the EUR by Surprise?