Analysts: Positive Fy Q3 Japan Gdp, Negative In Q4
Analysts estimate Japan's GDP grew in the October-to-December period last year. However, they have a gloomy view of the current quarter as the state of emergency put in place in early January puts the brakes on the economy.
Ten private-sector research institutes have annualized GDP projections ranging from 5.6 to 14.1 percent growth for the three months that ended last December, Japan's fiscal third quarter.
The analysts project consumer spending increased partly due to the effect of government subsidies for domestic travel.
Exports were robust, especially to China, which is expected to help boost the GDP reading.
Capital investment, which shrank for the previous two quarters, is expected to grow. The government will announce the third-quarter GDP figure on February 15th.
Looking at the January-to- March period, the nine research institutes that have already issued their GDP forecasts, say the economy is highly likely to contract.