Japan\'s Economic Growth
GDP QoQ Japan
Q1 GDP Was Revised Much Higher
Starts Sunday, June 7, 2020 at 23:50
Updated Monday, June 8, 2020
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 now it stands at -0.9%. 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.