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Inflation will be the most watched data next week as China, the UK and the US report their monthly CPI figures. Japanese GDP numbers will also be important as Japan’s economy continues to show increasing signs of strength, while the Riksbank’s latest monetary policy meeting will likely attract attention too. However, the week’s highlight could come from Fed Chair Yellen’s testimony in Congress, which will be the first since Trump took office.
Japan to post fourth straight quarter of growth
GDP data out of Japan will start the week on Monday, giving the first glimpse into how Japan’s economy fared in the final three months of 2016. The economy is forecast to have expanded at an annualized rate of 1.1% in the fourth quarter of 2016, slightly down on the 1.3% rate of the third quarter. If confirmed, this would make it the fourth consecutive quarter of positive growth for Japan since 2012-13. A weaker yen since the US election, along with stronger global demand boosted Japanese exports at the end of 2016, and the trend appears to continue at the start of 2017.
Japan to post fourth straight quarter of growth
GDP data out of Japan will start the week on Monday, giving the first glimpse into how Japan’s economy fared in the final three months of 2016. The economy is forecast to have expanded at an annualized rate of 1.1% in the fourth quarter of 2016, slightly down on the 1.3% rate of the third quarter. If confirmed, this would make it the fourth consecutive quarter of positive growth for Japan since 2012-13. A weaker yen since the US election, along with stronger global demand boosted Japanese exports at the end of 2016, and the trend appears to continue at the start of 2017.
