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2 Apr 2015
Japan Feb GDP expected to decline – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments on the key developments in the Japanese market – reducing inflation expectations by companies, lowering of GDP estimate by Japan center for economic projections, and the ‘easing’ call by Yamamoto.
Key Quotes
“After yesterday's miss in Japan Tankan manufacturing, today's quarterly Tankan survey on prices saw companies forecast inflation at just 1.4% within a year and 1.6% in 3 years - well below the official 2% target expected to be reached in FY15/16.”
“Recent slowdown was also apparent in the latest Japan Center for Economic Research projections, with Feb GDP estimated at -2.1% m/m, the first decline in 3 months.”
“Recall overnight comments from a ruling party official Yamamoto calling for fresh BOJ easing as soon as this month.”
Key Quotes
“After yesterday's miss in Japan Tankan manufacturing, today's quarterly Tankan survey on prices saw companies forecast inflation at just 1.4% within a year and 1.6% in 3 years - well below the official 2% target expected to be reached in FY15/16.”
“Recent slowdown was also apparent in the latest Japan Center for Economic Research projections, with Feb GDP estimated at -2.1% m/m, the first decline in 3 months.”
“Recall overnight comments from a ruling party official Yamamoto calling for fresh BOJ easing as soon as this month.”