Preliminary GDP for Q1 from Japan is due Wednesday morning (Tokyo time)

  • The Japan Center for Economic Research survey tips real gross domestic product rose (annual rate of) 0.28% for the January-March quarter. This is slightly higher than the expectation in the April survey of 0.25%
  • For Q2 (i.e. April-June quarter), its at 0.69% (down from previously expected 1.03%). (Earthquakes in Kumamoto Prefecture will impact production)
  • More caution is also evident in estimates for personal spending, capital investment and exports (citing the climbing yen and falling stock prices)