Fx trading news: Japan ’s fourth quarter GDP fell by 7.1% year-on-year, the largest decline since the second quarter of 2014!

 

2020-03-09 12:36      from:CAPSTONE    author:Jack

Capstone forex trading news: On Monday, according to the latest data released by the Cabinet Office of Japan, Japan ’s fourth quarter real GDP annualized quarterly rate correction was -7.1, which was less than market expectations. Analysts said that Japan ’s economy shrank in the fourth quarter of last year more than originally estimated, and as the epidemic of the new crown virus is getting worse, people are more worried about the possibility of Japan entering a recession in the first quarter.
 
Data show that Japan ’s fourth quarter GDP fell by 7.1% year-on-year, exceeding the previous report of 6.3%, and the largest decline since the second quarter of 2014. Capital expenditures fell by 4.6% month-on-month, exceeding the previously reported 3.7%. Private consumption fell by 2.8% month-on-month, which was basically the same as the initial value. This shock comes at a time when people's concerns about Japan's economic weakness this year have intensified. The new coronavirus epidemic has damaged Japan's output and tourism, exacerbating concerns that the Japanese economy may decline for two consecutive quarters and fall into a technical recession. .

forex trading
 
As data begin to show how public health events affect the world's third largest economy, analysts expect Japan to fall into a deeper recession. The median estimate of a survey showed that just two weeks ago, analysts also thought that Japan's GDP would contract by only 0.25% in the first quarter.
 
People familiar with the matter said that after the epidemic changed the economic situation, the Bank of Japan may discuss changing its overall economic perspective at a meeting from March 18 to 19. An assessment of the downturn in the economy usually does not translate into additional actions by the Bank of Japan, especially if its easing plans have accumulated side effects. However, coupled with a stronger yen, it could put pressure on the Bank of Japan to force them to consider increasing easing measures.


Why Choose Capstone Online CFD Trading?
* EURUSD Avg spread of 0.1 pips is the best in the world
* Starting Deposit $100
* Leverage up to 1:400
* Transfer your funds securely with 0% Commission
* Average execution speeds of under 45ms*
* Our diverse and proprietary liquidity mix keeps spreads tight 24/5

 

Got a Question? Contact us now

Liquidity providers:

  • Morgan Stanley
  • Nomura Holdings
  • RBC Royal Bank
  • Royal Bank of Scotland
  • Société Générale
  • UBS
  • Bank of America
  • Barclays
  • BNP Paribas
  • Citadel
  • Citibank
  • Commerzbank
  • Credit Suisse
  • Deutsche Bank
  • Goldman Sachs
  • JPMorgan Chase & Co.
  • KCG
  • Macquarie Group


Capstone forex facebook Capstone forex twitter Capstone forex instagram Capstone forex linkedIn Capstone forex Youtube

Margin FX and CFDs are leveraged products that can result in losses exceeding your initial deposit.They are not suitable for everyone,please make sure that you fully understand the risks involved.

Before you open an account and make a deposit with Capstone,please ensure to look through our legal documents, and based on your personal financial situation, confirm if you have fully understand the risks involved in FX trading.

The information on this site is not directed at residents of the United States, Japan, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Canada, Cuba, Guyana, Iran, Iraq, Lao PDR, Myanmar, North Korea, Papua New Guinea, Sudan, Syria, Uganda, Yemen or any particular country outside Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.

There are business partners:fund custodian Banks,liquidity providers – Banks,ECNs, etc.,trading and technical support companies,market news and data providers,etc.,who establish cooperation relations with Capstone through the website directly or indirectly.Among them,all these trading names and icons of the cooperative merchants are owned by themselves and have nothing to do with Capstone.

Capstone Global is a group of companies which include Capstone Global Australis Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 95 612 024 889, AFS License No. 494799) and Capstone Global Markets LLC. which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 119 LLC 2019. Capstone Global does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.

Copyright © 2020 Capstone. All rights reserved.

CAPSTONE FOREX GLOBAL | Forex Trading | Sitemap