25 Nov 2013
Flash: JPY spotlight – BBH
FXstreet.com (London) - A currency research team at BBH note that at the end of the week, Japan will report a host of economic data.
Key Quotes:
“Japan will report a host of economic data., including the November CPI reading (expected to tick up to 0.2% from flat on the core, which is the BOJ preferred measure)”.
“Despite widespread skepticism that the BOJ can achieve its 2% target, the BOJ does not seem to be in any hurry to provide more stimulus”.
“Meanwhile, the October Industrial production is expected to have accelerated to 2% from 1.3% in September and a 0.9% decline in August”.
“Offsetting the economic impact of this will likely be slower household consumption after the out-sized 3.7% increase in September”.
Key Quotes:
“Japan will report a host of economic data., including the November CPI reading (expected to tick up to 0.2% from flat on the core, which is the BOJ preferred measure)”.
“Despite widespread skepticism that the BOJ can achieve its 2% target, the BOJ does not seem to be in any hurry to provide more stimulus”.
“Meanwhile, the October Industrial production is expected to have accelerated to 2% from 1.3% in September and a 0.9% decline in August”.
“Offsetting the economic impact of this will likely be slower household consumption after the out-sized 3.7% increase in September”.