Japan’s October month Retail Sales offered a surprise growth of 6.4% YoY versus market consensus of -7.7%. Further details suggest that the preliminary readings of October’s Industrial Production recovered from -14.5% forecast and -9.0% prior to -3.2% YoY. Japan’s industrial output rose for the fifth straight month in October, signaling the economy was recovering further [...]
Core consumer prices in Tokyo suffered their biggest annual drop in more than eight years, data showed on Friday, an indication the hit to consumption from the corona virus crisis continued to heap deflationary pressure on the economy. The data, which is considered a leading indicator of nationwide price trends, reinforces market expectations that inflation [...]
USD/JPY prints 0.10% intraday losses while during the early Wednesday. In doing so, the yen pair drops the lowest since November 09 as the corona virus (COVID-19) firms up grip in Tokyo. It’s worth mentioning that the upbeat trade numbers and Japanese policymakers’ readiness to battle the pandemic also favor the sellers off-late. Apart from [...]
The Bank of Japan (BOJ) ramped up its Japanese Government Bond (JGB) purchases in 1-3 years maturities by JPY500 billion vs. JPY420 billion previous, in its routine daily operation. The central bank also boosted the buying of JGBs in 3-5 years maturities to the tune of JPY420 billion from the JPY350bn purchases seen previously. Jibun [...]
