Japan JPY

Japan GDP Growth Annualized Prel

Impact:
Medium

Latest Release:

Date:
Surprise:
-0.5%
| JPY
Actual:
-0.7%
Forecast: -0.2%
Previous/Revision:
2.4%
Period: Q1

Next Release:

Date:
Period: Q2
What Does It Measure?
Japan's GDP Growth Annualized Preliminary Report measures the rate at which the country's gross domestic product (GDP) accumulates over a year, expressing overall economic performance and productivity levels. It primarily assesses the output in terms of production, consumption, investment, government spending, and net exports, indicating whether the economy is expanding or contracting.
Frequency
This report is released quarterly, typically issued about one month after the end of the quarter and is designated as preliminary, subject to revision in subsequent reports.
Why Do Traders Care?
Traders regard Japan's GDP growth as a critical economic indicator, as stronger-than-expected growth can lead to Japanese yen appreciation and bolster Japanese equities, while weaker results may trigger bearish sentiments in both the currency and stock markets. Its timely nature enhances its predictive relevance for economic conditions and financial health, influencing investment decisions significantly.
What Is It Derived From?
The preliminary GDP growth figure is derived from a comprehensive assessment of various economic activities, collected from sources such as business surveys, government statistics, and production data, which are aggregated using established economic methodologies. The calculation typically involves adjustments for inflation to reflect real GDP changes, and it accounts for seasonal variations to ensure accuracy.
Description
The preliminary report offers early insights into Japan’s economic performance, based on current estimates which can be refined in subsequent releases. This report serves crucially as a barometer for economic trends, highlighting potential shifts in consumer behavior, investment patterns, and overall economic vitality within Japan.
Additional Notes
This GDP growth report is generally considered a coincident indicator, reflecting current economic conditions rather than predicting future trends. It is often compared to consumer spending, industrial production, and trade balances, providing context for assessing efficacy and consistency across broader economic measures.
Bullish or Bearish for Currency and Stocks
If the GDP growth is reported higher than expected, this would be bullish for the Japanese yen and bullish for Japanese stocks. Conversely, if the growth is lower than expected, this may be bearish for the yen and bearish for stock indices, reflecting concerns over economic slowdown.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-0.7%
-0.2%
2.4%
-0.5%
2.8%
1%
1.7%
1.8%
0.9%
0.7%
2.2%
0.2%
3.1%
2.1%
-2.3%
1%
-2%
-1.5%
0%
-0.5%
-0.4%
1.4%
-3.3%
-1.8%
-2.1%
-0.6%
4.5%
-1.5%
6%
3.1%
3.7%
2.9%
1.6%
0.7%
-0.1%
0.9%
0.6%
2%
-1%
-1.4%
-1.2%
1.1%
4.6%
-2.3%
2.2%
2.5%
0.1%
-0.3%
-1%
-1.8%
3.8%
0.8%
5.4%
5.8%
-2.7%
-0.4%
-3%
-0.8%
1.5%
-2.2%
1.3%
0.7%
-3.7%
0.6%
-5.1%
-4.6%
11.6%
-0.5%
12.7%
9.5%
22.7%
3.2%
21.4%
18.9%
-28.8%
2.5%
-27.8%
-27.2%
-2.5%
-0.6%
-3.4%
-4.6%
-7.3%
1.2%
-6.3%
-6.3%
0.5%
0.2%
0.2%
1.8%
1.8%
0.4%
2.8%
1.4%
2.1%
1.8%
1.6%
0.3%
1.4%
-1.9%
-2.6%
3.3%
-1.2%
-1%
3%
-0.2%
1.9%
1.4%
-0.9%
0.5%
-0.6%
-0.2%
0.6%
-0.4%
0.5%
0.9%
2.2%
-0.4%
1.4%
1.5%
2.6%
-0.1%
4%
2.5%
1.5%
1.5%
2.2%
1.7%
1.4%
0.5%
1%
1.1%
1.4%
-0.1%
2.2%
0.9%
0.7%
1.3%
0.2%
0.7%
2%
-0.5%
1.7%
0.2%
-1.7%
1.5%
-1.4%
-1.2%
1.3%
-0.2%
-0.8%
-0.2%
-0.7%
-0.6%
-1.6%
-1.9%
4.5%
0.3%
2.4%
1.5%
1.1%
0.9%