Abe & Co gettting bullish on the Japanese economy

  • Japan’s economy is gradually recovering
  • Consumer spending is “recovering” (change from “gradual recovery”)
  • Consumer price assessment left unchanged

The upgrade was largely expected but it’s not as bullish as it could be. Industrial production and Capex assessments were left unchanged at “gradually expanding”.

Still, the yen has seen some persistent buying today, although it’s not been huge. USDJPY is down to a 110.49 low.

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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