News

Japan September Overall household Spending -1.6% y/y (expected +1.5% y/y)

A big miss for this data, a weak Japanese consumer again?

Comes in at -1.6% y/y against:

  • expected of +1.5%
  • prior +2.8%

It has been to and fro around zero in the past year or so. 

For the m/m, down 4.6%. Japan’s economic recovery remains patchy. Yesterday we had indications from BOJ Governor Kuroda of no change in policy at all. 

As is often the case with Japanese data, yen is doing very little. 

 

Articles You May Like

Vertex Reversal Forex System
SNB total sight deposits w.e. 9 November CHF 577.2 bn vs CHF 577.5 bn prior
USD/CNY: Watch for 7/7.005 for a potential top – Goldman Sachs
Video: The Fed and the big question about US-China relations
Forex Trading: A trend following system anyone can learn

Leave a Reply

Your email address will not be published. Required fields are marked *