Finals:
- GDP sa -1.0% q/q – if you check out the prelim numbers you’ll see this revised figure is not as bad.
- GDP annualised sa -3.9% q/q
- GDP nominal -1.3% q/q
- GDP deflator (an inflation indication) % y/y
- Private consumption -1.5% q/q
- Business spending -1.2% q/q
Some background if you find useful:
- state of emergency curbs to combat the coronavirus pandemic are sapping GDP growth, weighing on consumption.
- Export growth is robust, which is a positive
- rising energy and commodities prices could worsen terms of trade (Japan is heavily reliant on raw material imports)