Monday, November 2, 2015

Japan: 2015 Q3 first preliminary GDP estimates - Nomura

FXStreet (Bali) - Japan Economics Team at Nomura anticipates a second straight decline in Japan's Q3 GDP, with positive contributions from consumer spending and goods/services export expected.

Key Quotes

"We forecast a q-q annualized decline of 0.4% in 2015 Q3 real GDP
We forecast that the 2015 Q3 real GDP figures scheduled for release on 16 November will reveal a decline of 0.4% q-q annualized (-0.1% q-q)."

"Spending and exports have been recovering, but with inventory drawdowns and higher imports depressing GDP, we think GDP growth will be in negative q-q territory for the second consecutive quarter in Q3, following the q-q annualized decline of 1.2% in Q2."
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