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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan GDP Capital Expenditure QoQ fell to -0.7% in Q1 2026
FMPQuarterlyReleased June 2026
Japan GDP Capital Expenditure QoQ fell to -0.7% in Q1 2026, released June 2026, down 1.9% from December's 1.2% reading. The print exceeded the -0.9% consensus by 0.2%. GDP Capital Expenditure QoQ has now declined for 3 consecutive months. GDP Capital Expenditure QoQ is now the lowest in 24 months.
Latest Release
-0.7
Actual
-0.9
Consensus
1.2
Previous
Median Absolute Error
±0.77 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: -0.6
Actual: -0.7
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.73 | INDEX | Bullish Hang Seng | → View |
| XAU/USD | ▼ Inverse | −0.70 | COMMODITIES | Bearish XAU | → View |
| USD/JPY | ▲ Direct | +0.57 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Capital Expenditure QoQ (Japan) was reported at -0.7% in June 2026. This beat the market consensus of -0.9% by 0.2%. The reading fell from the previous value of 1.2%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.48%, ranging from -0.7% to 1.3% across 8 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.3%, down from the prior three at 0.33%. Volatility over the past year (σ 0.67%) is higher than the prior year (σ 0.52%). In June readings over the past 3 years, GDP Capital Expenditure QoQ has averaged 0%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.78%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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GDP Capital Expenditure QoQ - JP
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About GDP Capital Expenditure QoQ — Japan
DEFINITION
GDP Capital Expenditure QoQ is a financial indicator that measures the change in a country's gross domestic product (GDP) from one quarter to the next, specifically focusing on the amount of money spent on capital investments. This indicator provides valuable insight into the overall health and growth of an economy, as capital expenditures are a key driver of economic expansion and productivity. It is often used by investors, policymakers, and analysts to assess the strength of a country's economy and make informed decisions.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual -0.7 %, consensus -0.9 %. Prior reading (Jan 2026): 0.3 %. Before that (Oct 2025): 1.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Hang Seng (Bullish Hang Seng, r=0.73) — a useful reference for index-focused traders.