The Bank of Japan meets next week, June 13 and 14. It’s a ‘live’ meeting with some expectations of a rate hike or at least a trimmining of Japanese Government Bond purchases.
The data is mixed out of Japan, today we had April Household spending:
-1.2% m/m
- prior +1.2%
+0.5% y/y
- first y/y rise in 14 months
- expected +0.5%, prior -1.2%
Authorities in Japan are hopeful that wage rises will boost consumption. Its too early to draw conclusions with the wage talks only just concluded (three-decade high wage hikes are the headlines, but are they enough?)
Japanese Prime Minister Kishida
This article was written by Eamonn Sheridan at www.forexlive.com.
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