Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

No results found

View more search results

1 2 3 4 5 6 7 8 9 10
Related search: Market Data
Market Data Type of market
See all Market data search results >
Established 1974 313,000+ clients worldwide 13,000+ markets

Japan’s Q3 GDP worse than estimates, down by 0.6%: final data

Gross domestic product for the third quarter shrank 0.6% from the previous quarter, lower than the preliminary forecast of a 0.3% decline.

IG Analyst

Publication date : 2020-08-14T14:34:43+0100

bg_traders_233056610

Japan’s economic growth for the third quarter was weaker than previously forecast, national data from the Cabinet Office showed on Monday.

Gross domestic product (GDP) for the third quarter shrank 0.6% from the previous quarter, lower than the preliminary forecast of a 0.3% decline and economists’ expectations of a 0.5% fall. For the second quarter, GDP grew by 0.7%.

Private investments fell by 2.8% from the previous quarter, worse than the 0.2% contraction in the preliminary estimate.

Domestic demand declined by 0.6% while private demand shrank by 0.7%, and private consumption which accounts roughly 60% of GDP, fell by 0.2%.

On a year-on-year basis, GDP shrank by 2.5%, compared to the earlier estimate of a 1.2% decline due to a fall in capital expenditure. For the second quarter, GDP grew by a revised 2.8% expansion.

Economists expect the country to rebound for the last quarter of the year, as the third quarter’s performance was met with natural disasters which affected businesses.

Japan was hit by a slew of natural disasters from July to September, such as an earthquake in the north which affected supply lines, flooding in the western parts of the country due to heavy rainfall, and a typhoon.

The momentary shutting down of Kansai International Airport due to the typhoon had affected business and cargo shipments.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer

Find out more about

Markets

Forex

Indices

Shares

Other Markets

CFD Trading

Premium services

Our charges and margins

About IG

Marketing Partnership

Trading platforms

Web platform

Mobile trading

MetaTrader 4

ProRealTime

Compare features

IG analysis

News and Analysis

Economic Calendar

Momentum Report

Market Data

Contact us

New client: +65 6390 5133 or accountopening@ig.com.sg

Clients: Help and support

WhatsApp: Click here

IG | Sitemap | Terms and agreements | Privacy | Security | IG Community | Refer a friend | Cookies | About IG

Follow us online:

Disclaimer:

All forms of investments carry risks and trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. Refer to the Risk Disclosure Statement and Risk Fact Sheet.

IG Asia Pte Ltd (Co.Reg.No. 200510021K) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital markets products that are over-the-counter derivatives contracts and is an exempt financial adviser.

IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

© 2006-2023

Careers | Marketing partnership