The Bank of Japan Regional Economic Report for July
Its raised its economic assessment for 5 or 8 regions
- Says exports and private consumption gaining momentum
- "Exports are increasing as a trend as overseas economies grow moderately. The job market continues to tighten steadily and is helping consumption gather momentum,"
And maintained its assessment for the other 4
- Says six of the regional economies are "expanding moderately" or "moving toward a moderate expansion."
This report is the Bank of Japan's most optimistic view of the country's regional economies in 12 years. The themes of improving exports and private consumption are no surprise if you are a reader of ForexLive.
Earlier today from Japan:
- Japan Government Bond yields: 5yr rises to its highest since January of 2016
- BOJ's Kuroda: Will keep YCC for as long as needed, will adjust as required ... no change in tone from Kuroda, the good ship 'Pump up the Jam' rocks on
Japan May Machinery Orders -3.6% m/m (expected +1.7%) ... this was very poor data, admittedly a volatile set though
Japan BoP Current Account Balance (May) ¥ 1653.9bn (vs. expected ¥ 1792.8bn)
