Japan’s better-than-expected GDP growth masks weakness
Japan’s economy unexpectedly grew in the first quarter. Q1 GDP growth came in at 0.5%, against an expected drop of 0.1%. The headline number, however, hides underlying weakness. Much of the growth surprise can be attributed to much lower imports, suggesting sluggish domestic demand. In fact, exports, capital spending and private consumption all declined in Q1. Exports fell 2.4% and are likely to be pressured as the trade dispute between China and the US will impact global trade volumes.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named 'one of the 50 most important people for investors to follow in 2018' by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity: