Japan PM Abe, writing a piece in the Wall Street Journal (that’s one way of earning export revenue for japan, I suppose): The Next Stage of Abenomics Is Coming
- Some have said that Japan’s structural reforms—what I call the “third arrow” of Abenomics, alongside the first two “arrows” of monetary and fiscal policy—are at a standstill and that wage increases aren’t keeping up with price increases. But there is no reason for alarm. We remain on the path toward a revitalized Japan we began in December 2012.
Abe goes on to say what he has done so far, and what is i the pipeline still to be done
More at the link.
He didn’t mention Scotland …
Don’t most of their football games in a draw?
England Nil, Scotland, Nil.
What if the poll is a draw? What then?
Here is the early vote:
It is a draw
New Zealand – ANZ job advertisements for August: +1.4% m/m
- prior was -2.4%, revised from -2.7%
Plenty more to come from New Zealand today, and election is tomorrow
This is a poll, not an official result
From the final Yougov POLL: 46 Yes / 54 No
This is NOT an exit poll
GBP/USD higher, through 1.6400 to 1.6417 as I type (Added … and of course I can’t keep up, just shy of 30 now)
Just noting this, ’cause the data normally comes out on Thursdays but due to the holiday in Japan on Monday past (Sep. 15) its out today instead …
The International Transactions in Securities data from Japan’s Ministry of Finance, for the week ended September 12
There is economic data due from New Zealand today … and then … tomorrow – the New Zealand election (find the latest polls from here).
- New Zealand – ANZ job advertisements for August: (prior was -2.7%), this at 2200GMT
- Then, at 2245GMT, net migration for August, prior was +4540
0100GMT – New Zealand ANZ consumer confidence index for September, prior was a -5.4% slide to 125.5
0300GMT – Credit card spending for August:
- For the m/m, prior was -0.9%
- For the y/y, prior was +4.5%
And, just to repeat … tomorrow (Saturday) is the New Zealand election (latest polls from here).
Good morning/evening/afternoon. Results from the Scottish referendum should be known from around 5am London time Friday … give or take a few hours.
Still plenty of business to be done before closing off this week.
Any trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Article in Australian Financial Review overnight (does not appear to be gated): RBA ponders home lending risk limits
From the article:
- Treasurer Joe Hockey conceded on Thursday there were “clearly significant” price gains in parts of Sydney, Melbourne and “to some degree” in Brisbane.
- While expressing qualms about intervention to lean against price gains, Mr Hockey said “obviously the Reserve Bank will look at some of the macro-prudential issues”.
- The remarks imply regulators led by the Reserve Bank are under mounting pressure to consider measures such as loan-to-valuation limits adopted in recent years by countries including New Zealand and Canada.
- The Reserve Bank has long questioned the efficacy of macro-prudential regulations
- Reserve Bank governor Stevens told a parliamentary inquiry early this year that one consequence in New Zealand was that first-time buyers were the first to be pushed out of the market
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