Japan economy minister Akazawa expects private spending to increase with rising wages.
His comments come after disappointing spending data earlier:
Japanese household spending (September) -1.3% m/m (expected -0.7%)
Finance minister Kato spoke earlier, his ‘interventiong’ typse remarks seem to be having a bit of an imp[cat now:
Japan finance minister Kato: will take appropriate steps on excess FX moves
This article was written by Eamonn Sheridan at www.forexlive.com.
