Investors pessimistic for Japans consumption- RBS

By FXstreet.com | September 01, 2014 AAA

FXStreet (Guatemala) - Analysts at RBS We increasingly hear a lot of pessimistic voices regarding personal consumption.



Key Quotes:



“GDP fell by a hefty 6.8% QoQ (annualized rate) in Apr-Jun 2014, and then bad weather this summer fueled pessimism that a demand slump from the recent tax hike might be worse than anticipated”.



“Meanwhile, Japan's authorities are assessing that consumption activity at this stage is not that bad”.



“The Cabinet Office, which presented the government's view in the Monthly Economic Report last week, retained its existing stance regarding consumption, saying that "there is weakness in some areas, but a recovery is taking place"”.



“Besides, some media sources are already reporting that the BoJ will slightly lift its view as "sales of consumption goods besides durable goods and housing are recovering at a moderate pace", rather than lower its view at this week's policy meeting”.



comments powered by Disqus
Related Forex Analysis
  1. AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation
    Forex News

    AUD/USD Recovery Hopes Fade With Reversal Pattern Lacking Confirmation

  2. USD/JPY bulls need to take a breath before a new attack at 110.00
    Forex News

    USD/JPY bulls need to take a breath before a new attack at 110.00

  3. Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low
    Forex News

    Crude Oil Recovers Ahead Of Inventories, Platinum Hits Multi-Year Low

  4. GBP/USD nervous below 1.6200, waiting for data
    Forex News

    GBP/USD nervous below 1.6200, waiting for data

  5. Dollar’s Current Bull Leg Strongest since Rally Through Crisis
    Forex News

    Dollar’s Current Bull Leg Strongest since Rally Through Crisis

Trading Center