Japan data - August retail sales -1.1% y/y (expected +1.0%)

Japan data

Retail Trade (YoY) (Aug) -1.1%

• expected 1.0%, prior 0.3%

Retail Trade s.a (MoM) (Aug) -1.1%

• prior -1.6%

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Most focus is on the 'summary' ... this retail sales data would seem to bolster the case for the doves.

• BoJ Summary (September meeting) is barely shifting the yen
• BoJ split deepens: Hawks eye hikes, doves warn on risks