The Bank of Japan’s October 29–30 Summary of Opinions revealed growing pressure among policymakers to accelerate interest rate normalization, as underlying inflation was assessed to have reached the 2% target. One opinion argued that the BoJ had entered “a new phase” requiring it to “step up the pace” of bringing the policy rate toward neutral, […]
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Australia’s NAB Business Confidence Index edged down from -14 to -15 in October, while Business Conditions slipped from -1 to -2, with both indicators remaining well below their long-run averages. The more concerning development was Read more…
Australia’s Westpac–Melbourne Institute Consumer Sentiment Index fell 2.7% from 80.4 in October to 78.2 in November, its lowest level since late 2022, as inflation and rising borrowing costs continued to undermine household confidence. The deterioration Read more…
Japan’s household spending contracted sharply in September, highlighting persistent weakness in private consumption despite improving household income. Real spending fell from -3.1% yoy in August to -6.8%, significantly worse than market expectations of -3.0% and Read more…