Credit Suisse Says "Watch Out" For Japan's Q1 GDP

With Japan's Gross Domestic Product data set to come out May 20, a Credit Suisse report says “watch out.”

Credit Suisse: Watch for 1.5 percent real GDP number in Japan, keep an eye on oil

Credit Suisse’s estimate for first quarter real GDP growth rate is 1.5 percent, research analysts Hiromichi Shirakawa and Takashi Shiono estimate in a May 14 economic research piece.

As the Trans Pacific Partnership trade negotiations press forward, the report credited an improvement in the trade balance on a substantial decrease in Japanese imports, which were reduced by nearly 10.2 trillion yen annualized, or close to 12% during the quarter. This shrinkage of...