The Bank of Japan meet this week, announcement due on Friday September 20.
The Bank is not expected to hike rates again:
Bank of Japan meeting this week – preview (no rate change expected)
Ueda and his colleagues will be eyeing the data showing slowing export growth:
Japan August exports +5.6% y/y (expected +10.0%) & imports +2.3% y/y (expected +16.6%)
In summary:
exports rose for a ninth straight month, but at a
much slower-than-expected pace in Augustshipment volumes
fell 2.7% y/y, the seventh consecutive month of declinesindicating
slowing global demand is impacting a previously bright light for Japan’s economyimports showed a huge miss also, weaker import performance is often a sign of an economy slowing down
This article was written by Eamonn Sheridan at www.forexlive.com.
