In the first quarter, the Japanese economy shrank a bit due to the fact that corporate as well as consumer spending decreased.
Exports dived too against the backdrop of trade clashes as well as weaker global demand, thus affecting the Japanese trade-reliant economy.
The country’s GDP is anticipated to have slumped by 0.2% in January-March on an annualized basis, as the poll of 18 financial analysts revealed, after it surged by 1.9% in the fourth quarter 2018.
It would evolve into a flat outcome on a quarter-on-quarter basis, right after the Japanese economy managed to ascend by 0.5% in the October-December quarter, as the poll revealed.
Companies probably delayed their capital spending on fears about the global economic deceleration as well as uncertainty over trade negotiations between China and America, as some analysts pointed out.
Financial analysts expect consumer spending to have dived due to the fact their sentiment was impacted by a number of factors, in particular food prices.
As for capital spending, it probably slumped by 1.7% in the first quarter following 2.7% surge last quarter.
Private consumption, accounting for nearly 60% of GDP, decreased by 0.1% for the quarter, having ascended by 0.4% in October-December.
External demand was anticipated to surge by up to 0.3% in the first quarter, as the survey revealed, after it had 0.3% subtracted from GDP surge in the previous quarter.
Experts tell that a dive in imports because of dismal domestic demand turned out to be greater than a dive in exports that led Japan's net exports to improve for January-March.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Jackson Hole, ten PMI releases, and the BRICS summit. This week will be full of market movements, and we will be there to trade them. Get ready, and let’s roll!
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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