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4 Jun 2015
Japan economic outlook – Nomura
FXStreet (Barcelona) - The Research Team at Nomura, shares the outlook for Japan GDP, CPI and monetary policy, and further expect an upward revision of 2015 Q1 real GDP in secondary preliminary estimates.
Key Quotes
“We have made our projections for the second preliminary estimates for 2015 Q1 (scheduled for release on 8 June) in light of 2015 Q1 Financial Statements Statistics of Corporations by Industry (FSSCI), and other related statistics released after the first set of preliminary estimates. We project that the second preliminary estimate for real GDP growth in 2015 Q1 will be +2.7% q-q annualized (+0.7% q-q), versus +2.4% q-q annualized (+0.6% q-q) in the first set of estimates.”
“We expect real GDP growth to pick up in 2015 Q3, after a moderation in Q2.”
“We expect core CPI inflation to average 1.2% y-y in FY16, still well below the 2% target.”
“We expect the BOJ to conduct additional monetary easing in April 2016.”
“The main risks are yen appreciation, a worsening European debt problem, and the U.S. and China slowing.”
Key Quotes
“We have made our projections for the second preliminary estimates for 2015 Q1 (scheduled for release on 8 June) in light of 2015 Q1 Financial Statements Statistics of Corporations by Industry (FSSCI), and other related statistics released after the first set of preliminary estimates. We project that the second preliminary estimate for real GDP growth in 2015 Q1 will be +2.7% q-q annualized (+0.7% q-q), versus +2.4% q-q annualized (+0.6% q-q) in the first set of estimates.”
“We expect real GDP growth to pick up in 2015 Q3, after a moderation in Q2.”
“We expect core CPI inflation to average 1.2% y-y in FY16, still well below the 2% target.”
“We expect the BOJ to conduct additional monetary easing in April 2016.”
“The main risks are yen appreciation, a worsening European debt problem, and the U.S. and China slowing.”