DBS Bank: Japan's GDP growth may continue to remain weak
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最新报道：According to Bijie.com, Japan's second-quarter GDP data will be released on Friday. DBS Bank's economic team predicts that Japan's GDP growth in the second quarter is likely to hover around 0.0% quarter-on-quarter. They forecast a modest increase of 0.2% in the annualized, seasonally adjusted quarterly rate, just enough to offset the first-quarter contraction. Export momentum weakened in the second quarter, impacted by declining exports to the US and weak overseas demand. Domestically, private consumption remained subdued as wage growth lagged behind inflation. Persistently weak GDP growth suggests the Bank of Japan is unlikely to raise interest rates in the near term. While the trade agreement with the US has helped ease tariff uncertainty, the Bank of Japan will likely want to see a stronger wage recovery and stable inflation before resuming policy normalization. Therefore, DBS maintains its forecast for a 25 basis point rate hike by the Bank of Japan in the fourth quarter.
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