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At 01:50 (GMT+2), Japan will publish the Q4 large manufacturers business conditions index, published by the national Ministry of Finance and based on a survey of representatives of the country’s leading companies. It is key for the Japanese economy, mainly focused on the manufacturing industry...
At 07:00 (GMT+2), Japan will release the November Eco Watchers Survey, a leading indicator that forecasts consumer spending as part of business activity. If the indicator rises from the current 47.5 points, this may support the yen rate. Read more
At 07:00 (GMT+2), Japan will release its October leading economic index, which includes assessments of twelve indicators such as machinery orders and stock prices. It may fall from 109.1 points to 108.9 points MoM, putting pressure on the yen. Read more
At 01:30 (GMT+2), Japan will release its October household spending data, which measures the monthly change in spending adjusted for inflation. It is an important indicator of economic growth. It may change from –1.1% to –2.6% YOY and from –1.3% to 0.4% MoM. Read more
The data is here from earlier:
Japan November PPI +0.3% m/m (expected +0.2%) and +3.7% y/y (expected +3.4%)
Recapping the report, and adding more:
November Wholesale Inflation: Accelerated to 3.7% year-on-year, exceeding the forecast of 3.4%, marking the third consecutive month of...
There are some expectations (minority) of policy change from the MAS in January
Intervention - Indian central bank likely selling US dollars to limit rupee depreciation
Taiwan says they will take necessary defence measures re Chinese military activities
South Korean police raiding Presidential...
Details are sparse - Japan media report. Kyodo.
This doesn't sound like a vote winner.
Japanese firms looking at:
weak yen pushing up imported raw material and energy costs
higher PPI more generally
wage demands
weak consumer demand
likely rate hikes
And now higher tax?
This article was...
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