Japan's first quarter surge is halved by crude inventory squeeze

Japan's first quarter surge is halved by crude inventory squeeze

Japan's economic surge went down during the first quarter than previously estimated, as the Cabinet Office told, though experts made light of the dip as a "one-off" adjustment in crude inventories, which wouldn’t affect revival.

The world's number three, Japan's economy expanded at an annualized rate of 1.0% during the first quarter, which is less than half the initial forecast of 2.2% surge as well as 2.4% profit seen by economists, as Cabinet Office data disclosed on Thursday.

The data emerged after a recent run of indicators, suggesting continued economic surge in the current quarter due to upbeat exports and factory output, though wage surge along with household spending are still lackluster notwithstanding a tight job market.

The BOJ’s supposed to stand pat at its upcoming rate review on June 15-16. However, the vast majority of the financial experts in a Reuters survey the previous month predicted that the BOJ's next move would suggest pulling back its stimulus.


ECB will estimate health of bank credit

Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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