Japanese GDP preview: Modest upwards revision expected – Nomura

By FXStreet FXStreet (Delhi) –Research Analysts at Nomura, expect a modest upward revision in 2015 Q2 real GDP growth numbers of Japan which reflects the increase in inventories.

Key Quotes

“We have made our projections for the second preliminary estimates for 2015 Q2 real GDP (due for release on 8 September) based on the FSSCI and relevant statistics released after the first set of preliminary estimates.”

“We project that the second preliminary estimate for real GDP growth in 2015 Q2 will be -1.5% q-q annualized (-0.4% q-q), versus -1.6% q-q annualized (-0.4% q-q) in the first set of estimates.”

“We think the upward revision largely reflects higher inventories resulting from weak final demand. We see a clearer weakness in the economy in Q2 based on a larger negative reading for the key demand item of capex.”
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Source:: FX Street