GDP per capita in Japan
Japan - GDP per capita (U.S. Dollars)
Q2 GDP growth revised upward on stronger investment dynamics
A second data release showed that the Japanese economy fared better than previously reported on the back of stronger-than-expected investment growth. According to revised data released by the Cabinet Office on 11 September, the economy expanded 3.0% over the previous quarter in seasonally-adjusted annualized (SAAR) terms in Q2, up from the preliminary estimate of a 1.9% rise (Q1: -0.9% quarter-on-quarter SAAR). Q2’s print represented the strongest expansion in over two years. In annual terms, GDP rose 1.3% in Q2, accelerating from Q1’s 1.0% growth.
An upswing in capital expenditure led the upward revision. Gross fixed capital formation expanded 7.2% compared to the 1.9% increase initially reported. Similarly, growth in private non-residential investment jumped to 12.8% (previously reported: +5.2% qoq SAAR), while public investment expanded for the first time in one year. Growth in private consumption and public spending, as well as the contribution from the external sector, were left broadly unchanged compared to the first estimate.
GDP data from the second quarter corroborated that the Japanese economy recovered quickly from the short-lived contraction in Q1. That said, economic growth will likely moderate in Q3 due to adverse weather effects following heavy rains in July and a typhoon in September, as well as due to softening export growth amid escalating trade tensions.
The Bank of Japan (BoJ) expects the economy will expand between 1.3% and 1.5% in the 2018 fiscal year, which ends in March 2019. In the subsequent fiscal year, the BoJ sees GDP growth at between 0.7% and 0.9%. Met the why particular Consensus Forecast panelists see GDP expanding 1.1% in calendar year 2018 and 1.0% in calendar year 2019.
Japan - GDP per capita (USD) Data
|GDP per capita (USD)||11,111||38,361||34,557||39,195||38,152|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.11||-4.41 %||Nov 13|
|Exchange Rate||113.8||-0.35 %||Nov 13|
|Stock Market||21,811||0.11 %||Nov 13|
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November 8, 2018
In September, core machinery orders, a leading indicator for capital spending over a three- to six-month period, logged the sharpest contraction since records began in 1987.
October 31, 2018
Consumer sentiment decreased from 43.4 in September to 43.0 in October, marking the lowest print since January 2017.
October 31, 2018
Industrial production declined 1.1% on a month-on-month and seasonally-adjusted basis in September, contrasting August’s 0.2% increase.
October 31, 2018
At its 30–31 October meeting, Bank of Japan (BoJ) board members voted seven-to-two to keep its monetary policy unchanged, as expected by market analysts.
October 24, 2018
The Nikkei flash manufacturing Purchasing Managers’ Index (PMI) came in at 53.1 in October, up from September’s 52.5.