2 Apr 2020 Tankan Implies a Severe Tightening of Japan's Financial Conditions

Freya Beamish (Chief Asia Economist)1st Apr 2020 20:10China+, Economic Monitor

The Q1 Tankan survey headlines were close to our expectations, chiming with our call for year-over-year contraction in Japanese GDP of at least 2%, after the 0.7% decline in Q4.

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accommodation activity business capex capex china chinese conditions covid-19 country demand domestic demand economy exports finance financial conditions forecast gdp gdp forecast goods government growth imports index inventories it japan korea korean exports manufacturing ministry of finance monetary monetary conditions national accounts net exports net trade pm policy real economy services small firms survey tankan survey trade u.s.

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