OctaFX | OctaFX Forex Broker
Open trading account
Back

Japan's GDP grows for seventh straight quarter as exports outperform

The Japanese economy is witnessing the longest period of uninterrupted growth in more than a decade on the back of strong export growth.

The data released today showed the economy expanded at a 1.4 percent annualized rate in July-September on strong exports and slightly above the median estimate for annualized growth of 1.3 percent. That followed revised annualized growth of 2.6 percent in April-June.

Quarter-on-quarter, the growth rate declined to 0.3 percent from a 0.6 percent rise witnessed in the previous quarter.

Net foreign trade (exports-imports) added 0.5 percent to growth. Also, Capital expenditure rose 0.2 percent. Meanwhile, private consumption, which accounts for about two-thirds of GDP, fell 0.5 percent from the previous quarter.

USD/CNY fix projection: 6.6302 - Nomura

Analysts at Nomura offered their model projections for USD/CNY. Key Quotes: "Our model1 projects the fix to be 97 pips lower than the previous fix (
Read more Previous

Australia Wage Price Index (YoY) below forecasts (2.2%) in 3Q: Actual (2%)

Australia Wage Price Index (YoY) below forecasts (2.2%) in 3Q: Actual (2%)
Read more Next
Start livechat