June 07, 2024 at 12:47AM
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
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.
Japan data shows April household spending fell from March down 1.2% m/m