Sunday, 12 August 2012

Japan Prelim GDP projected to rise 2.21% in April-June


Japan Economists believe the country's real gross domestic product grew at an annual rate of 2.21 percent in April to June on average, according to a monthly survey.

The figure, an average forecast of 40 economists, exceeds the 1.87 percent increase projected in the previous survey, the Japan Center for Economic Research Center said Thursday.

The Japan Cabinet Office will announce preliminary GDP data for the first quarter of fiscal 2012 on Monday.

The average forecast for July to September growth was 1.25 percent, down from the previously projected 1.52 percent.

After growth of below 2 percent through July to September 2013, the real GDP is expected to rise 2.47 percent in October to December 2013 and 4.08 percent in January to March 2014, thanks to demand ahead of a planned consumption tax increase, the latest survey showed.

Japan official data of Prelim GDP scheduled on August'13 at 5.30am IST.It may have an impact on market movements in monday morning.

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