The expectations were closer to +0.1% so this is yet another disappointing Japanese economic indicator.
So we’re unlikely to see official Japanese intervention anytime soon to arrest yens’ recent strength. I doubt many really saw such a scenario as realisitic at present levels anyways. Might get a bit of Kampo buy interest, but that’s about it. … Continue reading
Japan economic recovery unlikely to falter Economic risks roughly balanced Will communicate closely with government BOJ board ultimately decides policy Global economic recovery likely to slow, Japan price falls ahead Pace of Japan economic recovery may briefly slow in H1 … Continue reading
Democratic Party of Japan leader Ozawa was questioned by prosecutors over the weekend, meaning the fund-raising scandal has reached the very highest levels of the new ruling party. Combined with reduced jitters over Greece and Bernadine today, the political news … Continue reading
No plan to take policy steps recklessly and pour out government debt Fiscal prudence is most important challenge Wants BOJ to act appropriately to beat deflation, but operations up to BOJ Japan forex stance in line with G7 statement, no … Continue reading