日本10年期国债 (Japan10Y) 加自选

由于投资者评估了日本第一季度国内生产总值数据，日经225指数上涨0.6%，至38600点左右，东证指数周四涨跌互现，下跌0.2%，至2725点。2024年第一季度，日本经济年化收缩率为2%，由于私人消费连续第四个季度下降，收缩率低于市场预期的2%。最新数据使日本央行的立场复杂化，该行需要平衡对经济的支持与捍卫疲软货币的努力。与此同时，随着美国通胀放缓，美国股市隔夜反弹至历史新高，这增强了人们对美联储将于9月开始降息的押注。科技股领涨，东京电子（3.6%）、迪斯科公司（3%）、Lasertec（1.9%）、软银集团（2.1%）和Advantest（2.6%）领涨。与此同时，三菱UFJ（-5.2%）和丰田汽车（-2.1%）大幅下跌。

The Nikkei 225 rose 0.6% to around 38,600 while the broader Topix Index lost 0.2% to 2,725 in mixed trade on Thursday as investors assessed Japan’s first-quarter gross domestic product data. Japan’s economy contracted at an annualized 2% in the first quarter of 2024, coming in worse than market expectations for a 2% contraction as private consumption fell for the fourth straight quarter. The latest figures complicate the Bank of Japan’s stance, which needs to balance its support for the economy with efforts to defend a weak currency. Meanwhile, US stocks rallied to record highs overnight as US inflation slowed, bolstering bets that the Federal Reserve will start cutting interest rates in September. Technology stocks led the charge, with gains from Tokyo Electron (3.6%), Disco Corp (3%), Lasertec (1.9%), SoftBank Group (2.1%) and Advantest (2.6%). Meanwhile, sharp losses were seen from Mitsubishi UFJ (-5.2%) and Toyota Motor (-2.1%).

日本经济在2024年第一季度收缩了2.0%，而市场普遍认为下降了1.5%，而且在上一时期向下修正的数据中没有增长。

The Japanese economy contracted 2.0% in Q1 of 2024, compared with market consensus of a 1.5% decline and after showing no growth in a downwardly revised figure in the prior period.

JP225指数升至38865.00点的4周高点。过去4周，日本股市指数（JP225）上涨2.34%，过去12个月上涨29.09%。

JP225 increased to a 4-week high of 38865.00 Index Points. Over the past 4 weeks, Japan Stock Market Index (JP225) gained 2.34%, and in the last 12 months, it increased 29.09%.

一份最新数据显示，2024年第一季度，日本国内生产总值每季度萎缩0.5%，而市场预计下降0.4%，此前一季度出现了向下修正的停滞。占经济一半以上的私人消费连续第四个季度下降（-0.7%，第四季度为-0.4%），降幅低于0.2%的预测，这是三个季度以来的最大降幅，因为面对昂贵的生活成本和低迷的工资，消费者继续减少支出。资本支出也有所下降（-0.8%对1.8%），而预期下降0.7%，原因是丰田紧凑型汽车部门大发汽车丑闻后汽车产量大幅减少。净贸易也拖累了GDP，与预测一致，因为出口（-5.0%对2.8%）的降幅大于进口（-3.4%对1.8%）。另一方面，政府支出增长了0.2%，而此前下降了0.2%。

Japan's GDP shrank 0.5% qoq in Q1 of 2024, compared with market estimates of a 0.4% fall and after a downwardly revised stagnation in the prior quarter, a flash figure showed. Private consumption, which accounts for more than half of the economy, fell for the fourth straight quarter (-0.7% vs -0.4% in Q4), coming worse than forecasts of a 0.2% decrease and marking the steepest fall in three quarters as consumers continued to reduce their spending in the face of expensive costs of living and sluggish wages. Capital expenditure also dropped (-0.8% vs 1.8%), compared with expectations of a 0.7% fall, due to the significant reduction of auto production after a scandal at Toyota's compact car unit Daihatsu Motor. Net trade was also a drag on the GDP, matching forecasts, as exports (-5.0% vs 2.8%) declined more than imports (-3.4% vs 1.8%). On the other hand, government spending grew by 0.2%, compared with a 0.2% drop previously.