![]() ![]() Japan’s economic data have undershot forecasts recently – Citi’s Japanese economic surprises index is now negative and the lowest in four months. Markets would be forgiven for going into the release with a ‘glass half-empty’ attitude. Japan’s first quarter GDP figures are the highlight for Asian markets on Wednesday, with the world’s third-largest economy expected to have grown at its fastest pace in three quarters thanks to strong services sector spending.Ī Reuters poll of economists estimates annualized GDP growth of 0.7% in the first three months of 2023, rising sharply from just 0.1% October-December and the fastest since the 4.7% of April-June 2022. (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. ![]()
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