- Saying capital spending rose 34.2% vs. a first guess of 21%, the Japanese government ups Q1 GDP growth to 6.7% from the initial 5.9% estimate. Economists had forecast a downward revision to just 5.5%.
- Also boosting the economy in Q1, of course, was a surge in consumption ahead of an increase in the sales tax in April, and economists are forecasting GDP to contract about 4% in Q2.
- The Nikkei is higher by 0.8% in early Monday morning action, and the yen is steady at ¥102.57.
- ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJR, DXJT, DXJH, DXJC, DXJF
at Nasdaq.com (Wed, 10:52AM)