The small contraction in Q4 and revisions to back data mean that Japanese GDP fell in each of the last three quarters of 2012. However, more timely monthly indicators and surveys already show that the economy is picking up at the start of 2013. The weak GDP data have therefore simply reinforced expectations of further policy stimulus, even though they were not poor enough to prompt any immediate action from the Bank of Japan today.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services