Japan information, improved financial progress information from the preliminary studying. USD/JPY little modified.
Non-public consumption got here in at +0.7% q/q from +0.9% within the prelim, in order that’s not an excellent end result.
Capex not as unhealthy at prelim at -0.1% q/q from -0.2percentDomestic demand +0.5% q/q from +0.6%
The higher headline shall be some encouragement for the Financial institution of Japan to hike. The December assembly remains to be trying unsure for a hike, however political assist appears to be firming:
ICYMI – Japan’s essential opposition chief requires gradual BOJ price hikes
This text was written by Eamonn Sheridan at www.forexlive.com.
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