FXStreet (Guatemala) – More positive news for the BOJ came from the strong business investment data released by the MOF today.
Key Quotes:
“Q3 capex increased by 5.4% q-o-q, which will lead to upward revisions to capex growth and GDP growth in Q3 next Tuesday. Weaker capex momentum, even amid strong corporate profits and aggressive investment plans based on the BOJ Tankan, is a concern for the BOJ and expected upward revisions will alleviate those concerns.
The latest industrial production data released yesterday was disappointing, and the forthcoming BOJ Tankan survey will be important for the BOJ, but the Bank is unlikely to consider easing in the near future.”
(Market News Provided by FXstreet)