Japan JPY

Japan GDP Private Consumption QoQ Final

Info

History

Chart

Impact:

Low

Source: Cabinet Office, Japan

Latest Release:

Date:

Surprise:

-0.1%

Actual:

Forecast: 0.1%

Previous/Revision:

0.7%

Period: Q4

Next Release:

Date:

Forecast: 0%

Period: Q1

What Does It Measure?

The Japan GDP Private Consumption QoQ Final measures the change in the total value of private consumption expenditures in Japan from one quarter to the next. This indicator reflects consumer spending patterns, which significantly influence overall economic growth, and is crucial for assessing economic health, where values above zero indicate expansion and below zero indicate contraction on a national level.

Frequency

This report is released quarterly and typically reports final figures within a month or two following the end of the quarter, ensuring accurate reflection of consumer spending patterns.

Why Do Traders Care?

Traders closely monitor this indicator as it plays a critical role in measuring economic strength; higher-than-expected results tend to be bullish for the Japanese yen and Japanese equities, while lower-than-anticipated figures may have a bearish impact. Its timely nature also aids in shaping economic forecasts and influencing decision-making in financial markets.

What Is It Derived From?

The data for the Japan GDP Private Consumption is derived from national surveys and statistical reports, compiled by government agencies that aggregate consumer spending data from various sectors. This process involves significant inputs from household surveys, retail sales figures, and adjustments for seasonal variations to accurately reflect consumption trends.

Description

Preliminary reports for the GDP Private Consumption are based on early estimates and might be revised in the final submissions, which provide more accurate and comprehensive data. Financial markets typically react strongly to preliminary data as it offers timely insights, while final figures help solidify market sentiment and provide clarity.

Additional Notes

This indicator serves as a coincident economic measure, often used to gauge the current health of the economy in relation to consumer behavior. It may be compared to other economic indicators such as GDP growth rates to understand broader economic trends and dynamics.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for JPY, Bullish for Stocks.

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	Actual	Forecast	Previous	Surprise
Mar 10, 2025	0%	0.1%	0.7%	-0.1%
Dec 08, 2024	0.7%	0.9%	0.6%	-0.2%
Sep 08, 2024	0.9%	1%	-0.6%	-0.1%
Jun 09, 2024	-0.7%	-0.7%	-0.4%
Mar 10, 2024	-0.3%	-0.2%	-0.3%	-0.1%
Dec 07, 2023	-0.2%	0%	-0.6%	-0.2%
Sep 07, 2023	-0.6%	-0.5%	0.6%	-0.1%
Jun 07, 2023	0.5%	0.6%	0.2%	-0.1%
Mar 08, 2023	0.3%	0.5%	0%	-0.2%
Dec 07, 2022	0.1%	0.3%	1.7%	-0.2%
Sep 07, 2022	1.2%	1.1%	0.3%	0.1%
Jun 07, 2022	0.1%	0%	2.4%	0.1%
Mar 08, 2022	2.4%	2.7%	-0.9%	-0.3%
Dec 07, 2021	-1.3%	-1.1%	0.9%	-0.2%
Sep 07, 2021	0.9%	0.8%	-1.3%	0.1%
Jun 07, 2021	-1.5%		2.2%
Mar 08, 2021	2.2%	2.2%	5.1%
Dec 07, 2020	5.1%	4.7%	-8.3%	0.4%
Sep 07, 2020	-7.9%	-8.2%	-0.7%	0.3%
Aug 02, 2020	-0.8%	-0.8%	-2.9%
Jun 07, 2020	-0.8%	-0.7%	-2.9%	-0.1%
Mar 08, 2020	-2.8%	-2.9%	0.5%	0.1%
Dec 08, 2019	0.5%	0.4%	0.6%	0.1%
Jun 09, 2019	-0.1%	-0.1%	0.2%
Mar 07, 2019	0.4%		-0.2%
Dec 09, 2018	-0.2%	-0.1%	0.7%	-0.1%
Sep 09, 2018	0.7%	0.7%	-0.2%
Jun 07, 2018	-0.1%	0.4%	0.3%	-0.5%
Mar 07, 2018	0.5%	0.5%	-0.6%
Dec 07, 2017	-0.5%	-0.5%	0.9%
Sep 07, 2017	0.8%	0.9%	0.4%	-0.1%
Jun 07, 2017	0.3%	0.4%	0%	-0.1%
Mar 07, 2017	0%	0%	0.3%
Dec 07, 2016	0.3%	0.1%	0.2%	0.2%
Sep 07, 2016	0.2%	0.2%	0.7%
Jun 07, 2016	0.6%	0.5%	-0.8%	0.1%
Mar 07, 2016	-0.9%	-0.8%	0.5%	-0.1%
Sep 08, 2015	-0.7%	-0.8%	0.3%	0.1%
Jun 08, 2015	0.4%	0.4%	0.4%