Japan GDP

Deflator revised lower to -1.5% 

Domestic Corporate Goods Price Index comes in up higher at 1.1% MoM and 4.7 YoY as the price of energy continues to raise the producer prices.  This is the highest rate in 27 years.  Inflation is becoming a problem for the Japanese economy. 

Finally, the Current Account came in weaker than expected at 1380.9 trillion yen versus 1630 billion yen estimate.  Both imports and exports fell. Imports fell 4.8% while exports fell 5.7%.   

At 6:50 PM, Japan’s 4^th quarter GDP is to be released.  Gross Domestic Product (GDP) measures the total value of all goods and services produced by the economy.

Expectations are for the Preliminary release to show a 0.4% gain.  On an annual basis the expectations are for a rise o