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Bank of Japan Rhetoric at Odds with Data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Economic Update Japan’s economic recovery has wobbled with the latest figures released in September showing Japan’s GDP fell from 1.0% in the first quarter of 2015 to -0.3% in Q2. The Bank of Japan (BoJ) have remained upbeat despite the disappointing result, suggesting the economy was still enjoying a moderate recovery and there was a widening trend towards higher prices. The BoJ points to a weaker Yen as a boost of company profits, which it hopes will be reinvested, but this is not the case.

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