Japan Q1 GDP Unrevised At -0.5% On Quarter
(RTTNews) - Japan's gross domestic product contracted a seasonally adjusted 0.5 percent on quarter in the first quarter of 2024, the Cabinet Office said on Monday - matching forecasts and unrevised from last month's advance estimate.
GDP was up 0.1 percent on quarter in the fourth quarter of 2023.
On an annualized basis, GDP was revised up to -1.8 percent from the estimate of -2.0 percent. GDP was up 0.2 percent on year in the three months prior.
Capital expenditure was revised up to -0.4 percent on quarter from -0.8 percent, while private consumption was unchanged at -0.7 percent on quarter.
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BoJ Minutes: Japan Economy Growing Above Trend
Members of the Bank of Japan's Monetary Policy Board noted that Japan's economy is growing consistently and is expected to continue expanding above trend, minutes from the central bank's October 30-31 meeting revealed on Tuesday.
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Japan Inflation Rises 2.9% On Year In November
Consumer prices in Japan were up 2.9 percent on year in November, the Ministry of Communications and Internal Affairs said on Friday.
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BoJ Keeps Rate Unchanged For Third Straight Session
The Bank of Japan left its key interest rates unchanged for the third straight session on Thursday as it awaits more information on spring wage negotiations amid higher uncertainty over the US government policies. At the policy board meeting, members voted 8-1 to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.
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Japan Has Y117.6 Billion Trade Deficit In November
Japan posted a merchandise trade deficit of 117.6 billion yen in November, the Ministry of Finance said on Wednesday.
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Japan Manufacturing PMI Improves To 49.5 In December - Jibun
The manufacturing sector in Japan continued to contract in December, albeit at a slower pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.5.
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Japan Core Machine Orders Climb 2.1% In October
The value of core machine orders in Jaan was up a seasonally adjusted 2.1 percent on month in October, the Cabinet Office said on Monday - coming in at 869.8 billion yen.
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BoJ Tankan: Large Manufacturers Index +14 In Q4; Outlook +13
Large manufacturing in Japan accelerated slightly in the third quarter of 2024, the Bank of Japan's quarterly Tankan Survey of business sentiment showed on Friday with a diffusion index score of +14.
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Japan Producer Prices Climb 3.7% On Year In November
Producer prices in Japan were up 3.7 percent on year in November, the Bank of Japan said on Wednesday.
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