What it measures
Gross Domestic Product measures the value of the goods and services Japan produces. The calendar shows real growth quarter on quarter. The same release also gives an annualised rate, which is about four times larger.
Who publishes it and when
The Cabinet Office's Economic and Social Research Institute publishes the first preliminary estimate at 08:50 Tokyo time, about six to seven weeks after the quarter ends. A second preliminary estimate follows about a month later.
How it is put together
It combines data on household spending, business investment, government spending and trade. The second estimate adds fuller business investment data and can change the picture.
What traders watch
Traders look at private consumption and business investment, and at the GDP deflator, a broad measure of prices in the economy.
How markets have usually reacted
Reactions are usually moderate. A clear surprise has sometimes moved the yen and the Nikkei.
Common mistakes
Mixing up the quarter-on-quarter rate and the annualised rate quoted in the news.
How a higher or lower figure is usually read
Faster growth than the previous reading is usually read as supportive for the yen; slower growth as negative. Not a signal.
Release history
No past releases recorded yet.
Related news
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- Lot size calculator: keep your risk the same around news
- How to use an economic calendar: what happens around a release, and how to plan for it
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Official source
Source: Portal Site of Official Statistics of Japan website. This service uses API functions from e-Stat, however its contents are not guaranteed by government.
Published by Cabinet Office, Government of Japan (ESRI): www.esri.cao.go.jp