Intra-Day Market Moving News and Views
30 Oct 2014 02:13GMT
USD/JPY - .... statement from PM Abe this morning:
"need to flexibly review composition of GPIF's pension fund management reflecting end to deflation;
won't use pension fund management directly to boost stock prices, but change in allocation will indirectly help Japan's economy.
whether Japan can return growth path in Jul-Sep quarter will be key on if proceed with next sales tax hike to 10%;
it's true sales tax hike weakens consumers' purchasing power, must scrutinise how it effects prospects for ending deflation;
economic growth is continuing as a whole;
want to look at various data for Jul-Sep in deciding if to compile extra budget to stimulate economy."
Thursday will see the release of RBNZ rate decision, Australia's HIA new home sales, import and export prices, U.K. Nationwide house prices, Swiss KOF indicator, German unemployment rate, EU business climate, economic sentiment and final consumer confidence, U.S. jobless claims, GDP in Q3 and core PCE, German CPI and HICP.
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