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Japan GDP Climbs 0.7% On Quarter In Q1
(RTTNews) - Japan's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the first three months of 2023, the Cabinet Office said on Thursday.
That beat forecasts for an increase of 0.4 percent following the flat reading in the three months prior.
On an annualized basis, GDP climbed 2.7 percent on year - also topping expectations for a gain of 1.6 percent following the 0.1 percent rise in the previous three months.
Capital expenditure was up 1.4 percent on quarter, beating forecasts for a gain of 0.9 percent after sinking 0.5 percent in the previous quarter.
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Japan Services PMI Picks Up Steam In July - Jibun
The services sector in Japan continued to expand in July, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 53.6.
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BoJ Minutes: Japan Economy Continues To Recover
Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
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Japan Monetary Base Slips 3.9% On Year In July
The monetary base in Japan was down 3.9 percent on year in July, the Bank of Japan said on Monday - coming in at 643.896 trillion yen.
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Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices
The Bank of Japan maintained its interest rate but lifted its inflation outlook due to rising food prices, which had added expectations of an rate hike as soon as in October.
The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
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Japan Retail Sales Jump 2.0% In June
The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 12.966 trillion yen.
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Japan Industrial Output Climbs 1.7% In June
Industrial production in Japan was up a seasonally adjusted 1.7 percent on month in June, the Ministry of Economy, Trade and Industry said on Thursday.
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Japan Producer Prices Ease To 3.2% On Year In June
Producer prices in Japan were up 3.2 percent on year in June, the Bank of Japan said on Friday.
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Tokyo Inflation Slows To 2.9% Annually In July
Overall consumer prices in the Tokyo region of Japan were up 2.9 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday.
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