Japan Q4 GDP surges to 2.8% annualized (from 1.0% expected) deflator hits 2.8% – yen up

February 17, 2025
-FCHFX

February 16, 2025 at 11:52PM
Japan Q4 GDP data pumps the yen higher

Annualised GDP +2.8% (poll: +1.0%)

Private consumption +0.1% qtr/qtr (poll: -0.3%)

External demand contribution to GDP +0.7 pct point (poll: +0.4 pct pt)

Capex +0.5% qtr/qtr (poll: +1.0%)

Real GDP +0.7% qtr/qtr (Reuters poll: +0.3%)

Exports +1.1% qtr/qtr

Domestic demand contribution to GDP -0.1 pct point

GDP deflator +2.8% yr/yr

These strong figures will contribute to the case for further, and sooner Bank of Japan interest rate hikes. JPY has responded by jumping higher. USD/JPY is circa 152.00 as I update

This article was written by Eamonn Sheridan at www.forexlive.com.

Japan Q4 GDP surges to 2.8% annualized (from 1.0% expected) deflator hits 2.8% – yen up