4 Feb 2016
JPY: 2015 Q4 GDP to witness modest decline - Nomura
FXStreet – Research Team at Nomura, estimate modest decline of 0.9% q-q annualized in Japanese 2015 Q4 real GDP.
Key Quotes
“We think the 2015 Q4 real GDP figures scheduled for release on 15 February will show a decline of 0.9% q-q annualized (-0.2% q-q). We expect an increase in exports owing to economic recovery in Europe and the US to boost GDP, but expect a notable decline in consumer spending and a fall in capex. On this basis, we expect a decline in 2015 Q4 real GDP following the increase in Q3 (up 1.0% q-q annualized).”
Key Quotes
“We think the 2015 Q4 real GDP figures scheduled for release on 15 February will show a decline of 0.9% q-q annualized (-0.2% q-q). We expect an increase in exports owing to economic recovery in Europe and the US to boost GDP, but expect a notable decline in consumer spending and a fall in capex. On this basis, we expect a decline in 2015 Q4 real GDP following the increase in Q3 (up 1.0% q-q annualized).”