Japan's Matsuno, Growth in GDP attributable to Lifting Covid State of Emergency

Hirokazu Matsuno, the Japanese Chief Cabinet Secretary, will make some comments about the Ukraine crisis and the economic outlook in an appearance Tuesday.

Japan's Matsuno, Growth in GDP attributable to Lifting Covid State of Emergency

Additional quotes

"The government strongly urges diplomatic negotiations to solve the Ukraine crisis."

"Growth of GDP due to lifting covid emergency and improvement in supply chain constraints from southeast Asia"

"The economic outlook is still positive, but we must be aware of potential downside risks such as the omicron variant and rise in raw materials costs."

This is after Japan's preliminary GDP for Q4 2021 was at +1.3% QoQ, vs. 1.4% and -1.9% respectively in the previous quarter.

Reaction of the market

USD/JPY was trading at 115.40 as of the writing. This is 0.09% lower than the previous day.


 

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