Japan To Lead Asian Economic Schedule this Week

The spotlight in the Asia-Pacific region will be on Japan this week, where the release of key economic indicators will shed some light on the state of the world’s third-largest economy. Meanwhile, a report on consumer prices could provide some insight into the future course of Australia’s monetary policy, while central banks in Thailand and New Zealand are due to meet this week.

On Friday, Japan will release retail sales, household spending, industrial production and employment figures for the month of December, but focus will fall on the consumer price index (CPI) due at 0730 SIN/HK.

The nationwide core consumer price index (CPI) – which excludes volatile food prices – is expected to increase 2.6 percent in the month from a year ago. This compares to a 2.7 percent rise in the prior month and a 2.9 percent advance in October.

However, adjusted for an increase in the sales tax hike that took effect in April 2014, core consumer prices would have risen 0.6 percent on-year, well below the 2 percent target the Bank of Japan (BOJ) aims to achieve by April 2015.

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