MNI DATA SURVEY: Japan Revised GDP For January-March

Jun-06 2022 00:36By: Hiroshi Inoue
Data StoriesBank of Japan (BOJ) Market NewsBank of JapanJapan+ 7

The following are the median forecasts for Japan's revised (second preliminary) gross domestic product for the January-March quarter provided by economists surveyed by MNI.

The Cabinet Office releases revised (second preliminary) Q1 GDP at at 0850 JST on Wednesday, June 8 (2350 GMT on Tuesday, June 7). The median forecasts are in quarter-on-quarter percentage changes, except for the contributions of private inventories and net exports, which are in percentage points.

Data Median Previous
GDP q/q -0.3 -0.2
GDP Annualized -1.1 -1.0
Consumption 0.0 0.0
Capex 0.2 0.5
Public Investment -3.9 -3.6
Private Inventories 0.3 0.2
Net Exports -0.4 -0.4
GDP
%Q/Q %Annualized
Median Forecast -0.3 -1.1
High Forecast -0.2 -1.0
Low Forecast -0.3 -1.4
Previous -0.2 -1.0
Standard Deviation 0.1 0.2
No. of Responses 6 6
Mizuho R&T -0.2 -1.0
BNP Paribas -0.2 -1.1
Sumitomo Mitsui DS AM -0.3 -1.0
NLI -0.3 -1.1
Daiwa Institute of Research -0.3 -1.3
SMBC Nikko -0.3 -1.4
Consumption Capex Public Works
%Q/Q %Q/Q % Q/Q
Median Forecast 0.0 0.2 -3.9
High Forecast 0.1 0.4 -3.6
Low Forecast 0.0 -0.3 -4.3
Previous 0.0 0.5 -3.6
Standard Deviation 0.0 0.3 0.3
No. of Responses 6 6 6
Mizuho R&T 0.0 0.4 -4.3
BNP Paribas 0.0 0.4 -3.8
Sumitomo Mitsui DS AM 0.0 0.3 -3.6
NLI 0.1 0.1 -4.3
Daiwa Institute of Research 0.0 0.1 -4.0
SMBC Nikko 0.0 -0.3 -3.7
Private Inventories Net Exports
% Point Contribution % Point Contribution
Median Forecast 0.3 -0.4
High Forecast 0.3 -0.4
Low Forecast 0.2 -0.4
Previous 0.2 -0.4
Standard Deviation 0.1 0.0
No. of Responses 6 6
Mizuho R&T 0.3 -0.4
BNP Paribas 0.3 -0.4
Sumitomo Mitsui DS AM 0.2 -0.4
NLI 0.3 -0.4
Daiwa Institute of Research 0.2 -0.4
SMBC Nikko 0.2 -0.4

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