Do you trade on JPY? Data on inflation in Japan this night!
Dear traders,
This night, at 02:30 (Kiev), the Statistical Bureau of Japan will issue a report with data on inflation in the country for October.
Analysts of the market expect that overall inflation will remain positive, showing an increase of 0.8% compared to the same period last year. This will be the 9th month of the inflation raise in a row.
However, these growth values are far from the target value of the Bank of Japan, which causes the central bank of Japan to maintain significant financial incentives.
The central bank of Japan postponed the achieving of the inflation target of 2%, increasing the likelihood that it will not follow the example of other leading central banks of the world to tighten monetary policy.
Also, investors’ attention will be focused on the Saturday elections. Voters should assess the actions of Japanese Prime Minister Shinzo Abe by re-electing him for the next five years.
The forecasts say that Abe’s bid for early elections will likely benefit and his conservative liberal-democratic party will head the coalition, receiving almost two-thirds of the vote. This will give a comfortable majority in the lower house of parliament, which it had before.
A convincing victory will increase the likelihood that Abe, who has been in office since December 2012, promising to strengthen and restart the economy, will become the head of the LDP for the third time in September next year and will remain Japan’s most long-running prime minister.
We strongly recommend you to check the deals already in the evening!
Only profits, Gentlemen!
We remind you that you can always get acquainted with upcoming news in the Economic Calendar, as well as in the daily market review on our official YouTube channel.
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