Dec 26 2014

Rate Range Projection by Bank 

Next week 118.00- 121.00

Next 3 months 115.00 - 125.00

 

Prime Minister Shinzo Abe is trying to revive from recession, pointing to further weakness in an economy as Japan’s inflation slowed for a fourth month in November, and industrial production and retail sales unexpectedly dropped. the world’s third-largest economy may rely on exports to avert a third straight quarterly contraction in the final three months of the year,with little sign of a rebound in domestic demand.

Output (JNIPMOM) fell 0.6 percent - November from a month earlier.

Against a median estimate -0.8 percent the trade ministry said today.

Retail sales slid -0.3 percent

Consumer prices excluding fresh food rose- 2.7 percent from a year earlier.

Real wages fell the most since 2009.

Bloomberg News survey of economists have shown increased in value.

Abe is pressurized with today's report, as his government will unveil a stimulus package, and he pledged growth-inducing structural changes after winning re-election this month.