Japan’s annualised Q1 GDP -2.0% q/q (vs -1.5% expected)

more to come

Japan January – March quarter preliminary economic growth data.

GDP Annualised SA -2.0% q/q

• expected -1.2%, prior 0.0%

GDP -0.5% q/q

• expected -0.3%, prior 0.0%

The GDP Deflator is a measure of inflation, comes in at 3.6%

• expected 3.3%, prior 3.9%

And, it gets uglier:

• Capex -0.8% q/q (poll: -0.7%) … capex down for first time in two quarters
• External demand
  contribution to GDP -0.3% (poll: -0.3%)
• Exports -5.0% q/q … exports down for first time in four quarters, and the biggest decrease since Q2 2020
• Domestic demand
  contribution to GDP -0.2% … private consumption down for fourth straight quarter

This article was written by Eamonn Sheridan at www.forexlive.com.