Archive for October, 2008
Japanese National Core CPI As Expected
Japanese National Core CPI As Expected
Japan National Core CPI Actual 2.3%, Expected 2.3%, Previous 2.4%
Release Explanation: CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore give an overall read of inflationary pressures. It is the most widely used inflation indicator of central banks, institutions, […]
Friday Spotlight on Japan
Friday Spotlight on Japan
The Bank of Japan’s semi-annual Outlook for Economic Activity and Prices heads a crowded events and data calendar, which will project Japan and the yen into tomorrow’s spotlight. Anticipation of that report and a simultaneous cut in BOJ rates sent the Nikkei up 10% today and extended the yen’s retreat from last […]
U.S.: Economic Activity Declines in Q3
U.S.: Economic Activity Declines in Q3 U.S. GDP declined by 0.3% Q/Q ann. in Q3. Personal consumption declined for the first time in 17 years, falling by a big 3.1% Q/Q ann. Net exports were surprisingly strong, while government spending also provided considerable support.
The U.S. economy shrank by 0.3% Q/Q ann. in Q3, following the […]