Japan household spending seen rising in poll - Reuters

Joshua Gibson FXStreet

According to the breakdown of a Reuters poll that sees Japanese household spending likely up for a second month in February.

Key quotes (source: Reuters)

"Household spending is seen likely up 0.3 percent in February from a year earlier after a 1.9 increase in January, the poll found."

"“Price gains in daily necessities such as fresh vegetables and gasoline weighed on consumer spending. In addition to that, seasonal product sales didn’t perform well due to cold weather,” said Yosuke Yasui, senior economist at Japan Research Institute."

"A separate poll showed the Bank of Japan’s quarterly tankan business sentiment survey, due out on April 2, is expected to show the headline index for big manufacturers’ confidence declining by one point to plus 25 in March."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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