Japan Sept data again weak, spending down, BOJ eyeing Oct
Data for Sept again weak, household spending -1.1% y/y, -1.3% m/m
Data better than 2.1% y/y eyed, tad worse than -0.7% m/m eyed
Follows 0.1% y/y fall in real wages released yesterday nL1N3ME016
No doubt BOJ eyeing October data closely for signs of pick-up in both
BOJ outlook calls for a continuing moderate recovery, higher wages
Separately, MOF confirmed FX intervention totalling $20.7 bln in July
Y3.1678 tln spent July 11, Y2.367 tln on July 12 to buoy the yen
See nP8N3K804Q, nL4N3ME34N and nP8N3L201O
For more click on FXBUZ
Japan's Q2 GDP growth revised down slightly: https://reut.rs/3XytLvY
Japan's history of yen interventions: https://tmsnrt.rs/3MiQrHT
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
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