Tag Archives: Japanese domestic economy

The first estimate for GDP in the second quarter surprised on the upside, pushing us to revise our full-year forecast. But we still believe the Bank of Japan will stick to current monetary policy.The first estimate of Japan’s Q2 GDP showed growth of 1.0% quarter over quarter (q-o-q) in real terms, or 4.0% annualised, beating the consensus estimates (1.6% annualised) by a wide margin. We have therefore decided to revise up our 2017 GDP forecast for Japan to 1.9% from 1.3%.Unlike previous...

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