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4 Feb 2015
Japan Q2 2015 core CPI may fall to zero – Nomura
FXStreet (Barcelona) - Research Analysts at Nomura, revise their CPI, Q4 2014 GDP, and crude oil assumptions for Japan.
Key Quotes
“In response to the release of key economic statistics for December, we have revised our estimates for real GDP growth in Q4.”
“We have raised our forecast for annualized growth from 3.8% to 4.8%.”
“We have also revised our assumption for the crude oil (North Sea Brent) price in 2015 from $62/bbl to $56/bbl. In tandem, we have revised our forecasts for consumer prices and the trade balance.”
“We now forecast that the core CPI will rise 0.3% (excluding the impact of the consumption tax hike) in FY15, versus 0.5% previously. For 2015 Q2, we project the y-y rate will fall to zero.”
Key Quotes
“In response to the release of key economic statistics for December, we have revised our estimates for real GDP growth in Q4.”
“We have raised our forecast for annualized growth from 3.8% to 4.8%.”
“We have also revised our assumption for the crude oil (North Sea Brent) price in 2015 from $62/bbl to $56/bbl. In tandem, we have revised our forecasts for consumer prices and the trade balance.”
“We now forecast that the core CPI will rise 0.3% (excluding the impact of the consumption tax hike) in FY15, versus 0.5% previously. For 2015 Q2, we project the y-y rate will fall to zero.”