A slew of economic data from Japan is likely to be in focus this week as markets try to assess whether or not the dose of medicine to kick start the world’s third biggest economy is starting to work.
Japan releases April household spending and consumer price data on Thursday. April industrial output data are due for release towards the end of the week, while retail sales data are out on Wednesday.
Japan’s policy makers are making a concerted effort to revive an economy which has slipped in and out of recession in recent years and been hampered by years of deflation. Last month, the Bank of Japan (BOJ) unveiled an aggressive monetary stimulus program to reflate the economy. The government also unveiled a spending package worth just over $100 billion earlier this year.
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