28 Mar 2016
JPY: Busy data schedule this week - BBH
Research Team at BBH, suggests that the Japan's data schedule tends to get busy at the end of the month, and this week is no exception.
Key Quotes
“However, February data, which includes employment, industrial output, retail sales, and household spending, are unlikely to move the BOJ. The Tankan Survey is different. It is forward looking. Here the news will not be very favorable. Not only did sentiment among large and small business likely deteriorate, but expectations will warn that the June survey also will probably weaken. Capex is expected to be scaled back. The Reuters survey produced a median expectation for capex to rise 10.1% rather than 10.8%. The Bloomberg survey respondents expect a larger pullback to 9.4%.”
Key Quotes
“However, February data, which includes employment, industrial output, retail sales, and household spending, are unlikely to move the BOJ. The Tankan Survey is different. It is forward looking. Here the news will not be very favorable. Not only did sentiment among large and small business likely deteriorate, but expectations will warn that the June survey also will probably weaken. Capex is expected to be scaled back. The Reuters survey produced a median expectation for capex to rise 10.1% rather than 10.8%. The Bloomberg survey respondents expect a larger pullback to 9.4%.”