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.


Latest news

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.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

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