Forex
globalreutersMarch 28, 20241 Mins read
Bank of Japan Deputy Governor Uchida will appear in parliament from 10am Tokyo time
globalreutersMarch 28, 20241 Mins read Uchida will be in the Diet from 10 am Japan time
This is 0100 GMT and 2100 US Eastern time.
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We’ve had a pile of data from Japan today, none of it suggestive of a quickening of BOJ rate hikes to come. although at least retail sales improved:
- Tokyo area March inflation data: Headline 2.6% y/y (prior 2.6%)
- Japan February unemployment rate 2.6% (expected 2.4%, prior 2.4% also)
- Japan data – February preliminary Industrial Production -0.1% m/m (expected +1.4%)
- Japan February Retail Sales +4.6% y/y (vs. +3.0% expected)
I wonder how much of the improvement in retail sales can be attributed to the prospect of wage rises?
This article was written by Eamonn Sheridan at www.forexlive.com.
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