Japan increases FY 2017 forecasts for capital expenditure, consumption, housing

Japan increases FY 2017 forecasts for capital expenditure, consumption, housing

On Friday, the Japanese government increased its surge forecasts for private consumption, housing investment and capital expenditure for the current fiscal year because domestic demand gains strength.

The Japanese authorities left their overall forecast for GDP surge intact in fiscal 2017 that started in April, because of a sudden dip in inventories as well as moderately slower ascend in fiscal spending.

The government also hopes consumer prices to soar 1.1% this fiscal year and 1.3% next fiscal year, pointing to a relatively slow build up in inflationary pressure.

The forecasts that Prime Minister Shinzo Abe's cabinet will utilize for the purpose of compiling next fiscal year's budget, demonstrate that the Japanese economy will probably keep expanding unless there’s an unexpected and huge external shock.

Consumer spending is supposed to ascend 0.9% in fiscal 2017, surpassing the previous forecast for 0.8% surge published in January.

Housing investment will probably add 0.8% this fiscal year, potentially outperforming the previous prediction of 0.1% surge because the BOJ’s quantitative easing provokes a revival in property development.

As for capital expenditure, it’s expected to add 3.6% this fiscal year, outperforming the previous estimate for a 3.4% soar.


US earnings in January 2021: what you need to know
US earnings in January 2021: what you need to know

We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.

USD starts the week with gains
USD starts the week with gains

Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

Latest news

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera