This Week’s Economic Data To Put Pressure on BOJ

A deluge of Japanese economic data on Friday is set to influence expectations on whether the Bank of Japan (BOJ) will top up its stimulus program.

Data are expected to show the world’s third-largest economy remained in a soft patch in July following the April consumption tax hike to 8 percent from 5 percent.

The nationwide core consumer price index will be the key focus. The index, which excludes volatile prices of fresh food, is forecast to rise 3.3 percent on year in July – or 1.3 percent excluding the impact of the tax increase – far below BOJ’s 2 percent inflation target.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza