Uchida will be in the Diet from 10 am Japan time
This is 0100 GMT and 2100 US Eastern time.
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We’ve had a pile of data from Japan today, none of it suggestive of a quickening of BOJ rate hikes to come. although at least retail sales improved:
Tokyo area March inflation data: Headline 2.6% y/y (prior 2.6%)Japan February unemployment rate 2.6% (expected 2.4%, prior 2.4% also)Japan data – February preliminary Industrial Production -0.1% m/m (expected +1.4%)Japan February Retail Sales +4.6% y/y (vs. +3.0% expected)
I wonder how much of the improvement in retail sales can be attributed to the prospect of wage rises?
This article was written by Eamonn Sheridan at www.forexlive.com.