[FOREX News] “Japan Q4 final GDP q/q: 0.4% v 0.5%e; Annualized GDP: 1.5% v 2.2%e;
nominal GDP: 1.0% v 1.1%e; confirms emergence from technical recession”
“Japan Feb bank lending (incl trusts): 2.5% v 2.5% prior; bank lending (ex- trusts): 2.6% v 2.6%e”
“Japan Jan current account: ¥61.4b v ¥270be; adj current account: ¥1.06t v ¥1.18te; trade balance: -¥864b v -¥936be”
“Japan Cabinet Office released the final Q4 GDP data that confirmed the economy emerged out of recession, but did so at a slower than expected pace.”
“Private consumption component was up 0.5% - ahead of 0.3% prelim and consensus - but corporate sentiment remained cautious, as investment contracted by 0.1% again vs expected 0.2% pickup.”
“Japan Chief Cabinet Sec Suga spoke after the release, noting economy is still on recovery track. Likewise, BOJ Dep Gov Nakaso remarked the trend toward achieving the 2% inflation target is more important than the pace, although he still expects to reach that goal some time in FY15 unless oil prices continue to pull CPI lower.”
“Japan Feb bank lending (incl trusts): 2.5% v 2.5% prior; bank lending (ex- trusts): 2.6% v 2.6%e”
“Japan Jan current account: ¥61.4b v ¥270be; adj current account: ¥1.06t v ¥1.18te; trade balance: -¥864b v -¥936be”
“Japan Cabinet Office released the final Q4 GDP data that confirmed the economy emerged out of recession, but did so at a slower than expected pace.”
“Private consumption component was up 0.5% - ahead of 0.3% prelim and consensus - but corporate sentiment remained cautious, as investment contracted by 0.1% again vs expected 0.2% pickup.”
“Japan Chief Cabinet Sec Suga spoke after the release, noting economy is still on recovery track. Likewise, BOJ Dep Gov Nakaso remarked the trend toward achieving the 2% inflation target is more important than the pace, although he still expects to reach that goal some time in FY15 unless oil prices continue to pull CPI lower.”
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