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20 May 2015
Japan Q1 GDP growth tops estimates – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team reviews the Japanese Q1 GDP data release, noting that the 2.4% rebound was as a result in residential and corporate investment.
Key Quotes
“After emerging out of recession in Q4, Japan's Q1 GDP report was even more impressive, growing by its highest rate in a year on an annualized basis at 2.4% - well above consensus.”
“Exports growth slowed to 2.4% from 3.2% and imports increased to 2.9% from 1.4% despite softer Yen and lower energy bill, but the rise in residential and corporate investment more than made up for those headwinds. The former increased by 1.8% after a 0.6% contraction in Q4, while the latter was up 0.4%, up from a flat print last quarter.”
“Despite the strong results, Econ Min Amari warned to maintain vigilance against external risks and also prepare for Japan's recovery to be gradual. Nikkei rose nearly 1% into the morning break, while USD/JPY was up some 30 pips toward the ¥121 handle on risk-on flows.”
Key Quotes
“After emerging out of recession in Q4, Japan's Q1 GDP report was even more impressive, growing by its highest rate in a year on an annualized basis at 2.4% - well above consensus.”
“Exports growth slowed to 2.4% from 3.2% and imports increased to 2.9% from 1.4% despite softer Yen and lower energy bill, but the rise in residential and corporate investment more than made up for those headwinds. The former increased by 1.8% after a 0.6% contraction in Q4, while the latter was up 0.4%, up from a flat print last quarter.”
“Despite the strong results, Econ Min Amari warned to maintain vigilance against external risks and also prepare for Japan's recovery to be gradual. Nikkei rose nearly 1% into the morning break, while USD/JPY was up some 30 pips toward the ¥121 handle on risk-on flows.”