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Forex news -forex broker review => Forex => Topic started by: forex4you on Dec 09, 2024, 06:46 am

Title: Japan Q3 Revised GDP +0.3% q/q (prelim was +0.2%)
Post by: forex4you on Dec 09, 2024, 06:46 am
Japan Q3 Revised GDP +0.3% q/q (prelim was +0.2%)

Japan data, improved economic growth data from the preliminary reading. USD/JPY little changed.

Private consumption came in at +0.7% q/q from +0.9% in the prelim, so that's not a good result.

  • Capex not as bad at prelim at -0.1% q/q from -0.2%
  • Domestic demand +0.5% q/q from +0.6%

The better headline will be some encouragement for the Bank of Japan to hike. The December meeting is still looking uncertain for a hike, but political support seems to be firming:



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Japan Q3 Revised GDP +0.3% q/q (prelim was +0.2%) (https://www.forexlive.com/news/japan-q3-revised-gdp-03-qq-prelim-was-02-20241208/)

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