Japan Q3 Revised GDP +Zero.three% q/q (prelim was +Zero.2%)

Japan information, improved financial progress information from the preliminary studying. USD/JPY little modified.

Non-public consumption got here in at +Zero.7% q/q from +Zero.9% within the prelim, in order that’s not an excellent end result.

• Capex not as dangerous at prelim at -Zero.1% q/q from -Zero.2%
• Home demand +Zero.5% q/q from +Zero.6%

The higher headline can be some encouragement for the Financial institution of Japan to hike. The December assembly continues to be trying unsure for a hike, however political help appears to be firming:

• ICYMI – Japan’s foremost opposition chief requires gradual BOJ price hikes

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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