Japan GDP: Biggest contraction since data became available in 1980

JAPAN APR-JUN REAL GDP -7.8% QTR/QTR (REUTERS POLL: -7.6%)

16-Aug-2020 17:50:00 - JAPAN APR-JUN ANNUALISED GDP -27.8% (POLL: -27.2%)

16-Aug-2020 17:50:00 - JAPAN APR-JUN PRIVATE CONSUMPTION -8.2% QTR/QTR (POLL: -7.1%)

16-Aug-2020 17:50:00 - JAPAN APR-JUN CAPEX -1.5% QTR/QTR (POLL: -4.2%)

16-Aug-2020 17:50:00 - JAPAN APR-JUN EXTERNAL DEMAND CONTRIBUTION TO GDP -3.0 PCT POINT (POLL: -3.2 PCT PT)

16-Aug-2020 17:50:00 - JAPAN APR-JUN EXPORTS -18.5% QTR/QTR

16-Aug-2020 17:50:00 - JAPAN APR-JUN DOMESTIC DEMAND CONTRIBUTION TO GDP -4.8 PCT POINT

16-Aug-2020 17:50:00 - JAPAN APR-JUN GDP DEFLATOR +1.5% YR/YR

more to come...

Description of the Gross Domestic Product

The Gross Domestic Product released by the Cabinet Office shows the monetary value of all the goods, services and structures produced in Japan within a given period of time. GDP is a gross measure of market activity because it indicates the pace at which the Japanese economy is growing or decreasing. A high reading or a better than expected number is seen as positive for the JPY, while a low reading is negative.