On June 26th, Gelunhui reported that the Japanese government announced that it will revise the GDP data for the first quarter to reflect the revision of construction order data and will announce the revised results on July 1st. Some analysts say that the Japanese government's unplanned revision of GDP data may lead to a significant downward revision of GDP and may affect the Bank of Japan's economic growth forecast and the timing of the next rate hike. Yoshiki Shinke, senior executive economist at the Dai-ichi Life Research Institute, expects that the revised data will show that Japan's first-quarter economic quarter-on-quarter rate is a 2.7% contraction, far higher than the expected 1.8% contraction. This may force the Bank of Japan to lower its economic growth expectations at the monetary policy meeting on July 31st, making it difficult to justify a rate hike.
日本政府罕见外修正GDP数据，或使日本央行推迟加息
The rare revision of GDP data by the Japanese government may lead to a delay in the Japanese central bank's interest rate hike.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.