Japan - GDP forecaster says June is down 0.1%

The Japan Center for Economic Research

  • Japan's real gross domestic product down 0.1% on the month in June

Citing:

  • Decline in demand overseas
  • Weak U.S. and European Union-bound shipments saw Japan's exports 1% lower
  • Imports rose 1.7%
  • Domestic economy - housing investment down 0.4%, personal consumption +0.5%, capex +0.5%

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The Japan Center for Economic Research (JCER) is a private non-profit research institute established in 1963. While it's a private organisation is does have some heavy-hitters on board.

Its President is Kazumasa Iwata, ex-BOJ:

  • 2003-08 Deputy Governor、Bank of Japan
  • 2008.6 -2010.9 President, Economic and Social Research Institute, Cabinet Office
  • 2008.10 -2009.9 Member of the Council of Economic and Fiscal Policy
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