Monday 31 October 2016

BoJ meets as industrial output and retail sales stall

With markets widely considered to be still reliant on central bank stimulus for support, the Bank of Japan's two-day meeting starting today will be closely-watched.

Japan reported today that industrial production and retail sales in September were unchanged from the previous month.

Compared to a year ago, industrial output rose 0.9 percent in September but retail sales fell 1.9 percent.

Toru Suehiro, senior market economist at Mizuho Securities, said: "Looking at the production report, I think GDP will lack strength and post a small gain, which would increase calls for stimulus measures to boost growth.”

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