Officials and most commentators expect GDP to take off smoothly again in Q1 after the contraction in Q4. However, the latest monthly data suggest that Japan’s economy is taxiing on just one engine – exports – and even that engine appears to be spluttering. The latest surge in global commodity prices is yet another headwind. We therefore continue to think that GDP will fall in the current quarter as well.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services