Latest data released by the Ministry of Land, Infrastructure, Transport and Tourism - 28 February 2018
- Prior -2.1%
- Annualised housing starts 0.856m vs 0.940m expected
- Construction orders y/y +0.9% vs -8.1% prior
Some delay on the release of the data by the source.
A miss on housing starts, and by quite a margin as well. Not a major data point, but still that's a big decline for the housing market data. A sharp fall, we'll have to see if it's a one-off or if it's a sign because demand is cooling in next month's reading. But overall, a minor data point.
USD/JPY sitting at 107.19, EUR/JPY at 131.03, GBP/JPY at 148.98 - little changed in the past two hours.
