Quotes from Standard Chartered:
- Japan will release key November data – including industrial production, retail sales, job data and inflation – on 26 December. We expect industrial production and retail sales to show weakness in the business and consumer sectors amid concerns that the April 2014 sales-tax hike continues to weigh on economic activity. Core inflation (i.e., excluding fresh food) likely slowed further to 2.7 pct y/y from 2.9 pct in October.
- Excluding the sales-tax effect, we expect a sub-1 pct core inflation reading for the second straight month on lower energy prices. The jobless rate likely stayed at a historical low of 3.5 pct. We expect the economy to recover gradually in 2015, helped by the delay in the second sales-tax hike.
The material has been provided by InstaForex Company – www.instaforex.com