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The Economic Times

Japan stocks slip as Q2 GDP growth comes in at 1.1%, below 2.0% forecast

AI Market Summary
Japan's Q2 GDP grew at a 1.1% annualized pace versus 2.0% expected, with flat consumption and a 1.2% drop in capex signaling weak domestic demand. Coupled with elevated oil prices tied to Middle East risks and Japanese bond yields at multidecade highs, the backdrop tightens financial conditions and pressures equities. Nikkei and Topix slipped in early trade with weak breadth.
Impact level
● Medium
Affected assets
NCSINIKKEI2252USD/USDT+0.41%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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Japan’s Cabinet Office data showed the economy expanded at an annualised 1.1% in the second quarter, undershooting the market’s 2.0% expectation. Private consumption was flat and capital spending fell 1.2% quarter on quarter, stoking worries about weak domestic demand. The Nikkei 225 slipped 0.01% to 68,721.56 in early trading, while the Topix fell 0.48% to 4,177.02. Among heavyweights, Kioxia Holdings rose 5.14% and Trend Micro dropped 8.94%.
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