GDP QoQ Japan
Event Date: Monday, August 15, 2022
Event Time: 01:50 CET
Updated Friday, August 12, 2022
Economic growth was volatile in Japan during 2018. During Q1, the GDP contracted by 0.2% as the global trade war started, but it reversed in Q2, jumping 0.5% higher. In Q3 though, the economy contracted again by 0.3%, which was revised later to -0.6%. The economy was expected to grow again in Q4 by 0.4%, but it missed expectations coming at 0.3%. That was still revised two points higher to 0.5% later on. In Q1 of this year, the economic expansion slowed to 0.3%, while in Q3, growth fell to just 0.1% in the initial reading. In Q4, the GDP growth weakened further to just 0.1%, while in Q1 of this year, the GDP contracted by 1.6%, which was revised lower to -1.8% later. Although the GDP for Q1 came at -0.9% initially but was revised higher to -0.6%. But, the GDP dived by 7.9% in Q2, as the first reading showed. The economy bounced back after the reopening in Q3 by 5.3%, which ended the recession, while the first reading for Q4 came at 3%, which was revised lower to 2.8%. Although, the economy slowed down again in Q1 of 2021, contracting by 1.3% in the first reading, which was revised higher to -1.0% later, while the Q2 came at 0.5%. In Q3 we saw another contraction of 0.9%but we saw a rebound in Q4. In Q1 of 2022 Japanese GDP contracted again but it is expected to expand by 0.7% in Q2. Please follow us for live coverage of this event by experienced market analysts.
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About GDP QoQ Japan
Gross Domestic Product (GDP) measures the total value of a country’s industrial output over a given period. It consists of the aggregate domestic production of goods and services by individuals, businesses, and government. GDP data is available in dollar or index form. Japan GDP (QoQ) is the comparison of growth from one fiscal quarter to the next, represented in a percentage format.GDP (QoQ) is a leading indicator of economic health in Japan. High levels of GDP growth are viewed as being positive for Japan indices as well as the Yen. Low levels of growth are negative to most asset classes and are common to recessionary cycles. The Bank of Japan (BOJ) places a great deal of emphasis on monthly and yearly GDP. Robust growth is often a prelude to monetary tightening, while stagnate levels provide an environment conducive to Quantitative Easing (QE).Traders monitor GDP (QoQ) releases closely. Abnormal reports may cause rapid buying or selling of the Japanese indices or the JPY. Currency, equities, and commodities markets all exhibit enhanced degrees of volatility surrounding the GDP release.