29 May 2014
Japanese retail trade to disappoint in April - RBS
FXStreet (Bali) - Japanese retail trade figures, due at 23.50 GMT today, are likely to plunge in April, according to RBS,
Key Quotes
"Japanese retail trade figures are likely to plunge in April, reflecting the payback after consumers pulled forward consumption into the first quarter to avoid the consumption tax hike in April."
"The Bank of Japan already incorporates a slowdown in activity in the second quarter, though it maintains a positive medium-term outlook for growth and price stability. As a result, weakness in the April domestic data may result in a significant reaction in the JPY."
Key Quotes
"Japanese retail trade figures are likely to plunge in April, reflecting the payback after consumers pulled forward consumption into the first quarter to avoid the consumption tax hike in April."
"The Bank of Japan already incorporates a slowdown in activity in the second quarter, though it maintains a positive medium-term outlook for growth and price stability. As a result, weakness in the April domestic data may result in a significant reaction in the JPY."