The Financial Times have a quick piece up on today's data due from Japan
(CPI, spending, jobs)
The FT says
- Analysts expect year-on-year core nationwide CPI to fall 0.5 per cent
- Should such a deflationary scenario persist then the market may start thinking (rightly or wrongly) about whether the Bank of Japan might consider additional easing at its monetary policy meeting next week
- And if so, that will probably put pressure on the yen
Makes sense. Let's hope we get some response in the currency from the data today. Japanese data releases often drift by barely noticed by the yen :-(
For more, the FT article is here, gated