Japan GDP: Down 12.7% in Q4-2008
Slightly worse than expected. -12.7% is the annualized rate, -3.3% was the q-on-q rate.
Exports of Goods & Services fell at 45% annualized rate.
Japan GDP
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jck [at]
aleablog [dot] com
February 16th, 2009 at 4:02 pm
Jck,
could you please quantify this for us ?
How bad is this ? I heard that this could put Nikkei at P/E 60 (when earnings kick in) ? :-O
February 16th, 2009 at 9:36 pm
It’s bad but it’s history, the number itself is worse than expected but by a small margin, consensus was around -3.1% q-o-q (-11.88% annualized).