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Japan’s Economy Back in Deflation

Posted by Scott Boyd at 8:52 am EST, 11/20/2009

After growing by 4.8 percent in the second quarter, Japan’s economy is back in a “mild deflationary situation” according to a statement released by the Cabinet Office. The Bank of Japan also announced that it would keep the benchmark lending rate at 0.1 percent.

BBC News

Filed under: Forex Round Up, JPY

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March
16
Today’s Global
Market Events
8:30 am
CAD
Labor Productivity q/q
0.7% vs. -0.3%
CAD
Manufacturing Sales m/m
0.7% vs. 1.6%
USD
Building Permits
0.61m vs. 0.62m
USD
Housing Starts
0.57m vs. 0.59m
USD
Import Prices m/m
-0.1% vs. 1.4%
2:15 pm
USD
FOMC Statement
USD
Federal Funds Rate
0.25% vs. 0.25%
3:00 pm
GBP
MPC Member Bean Speaks
7:30 pm
AUD
MI Leading Index m/m
0.5%
7:50 pm
JPY
Tertiary Industry Activity m/m
1.3% vs. -0.9%
8:30 pm
AUD
Housing Starts q/q
6.7% vs. 9.4%
Tentative
JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%