AsiaPac Calm Before BoJ Storm, Japanese Household Spending ‘Unexpectedly’ Drops As China Releveraging Continues

by Tyler Durden
ZeroHedge.com
10/29/2015

As all eyes, ears, and noses anxiously await the scantest of dovishness from Kuroda and The BoJ tonight (despite numerous hints that they will not unleash moar for now), the data that was just delivered may have helped the bad-news-is-good-news case. Most notably Japanese household spending dropped 0.4% YoY (with tax hike issues out of the way) missing expectations by a mile as the ‘deflationary’ mindset remains mired in Japanese heads. AsiaPac stocks are hovering at the week’s lows unable to mount any bid as China fixed the Yuan notably stronger and instigated a new central pricing plan for pork prices (which suggests concerns about inflation domestically). Once again Chinese margin debt reaches a new 8-week high as ‘stability’ has prompted releveraging among the farmers and grandmas.

The Rest…HERE

This entry was posted on Friday, October 30th, 2015 at 12:56 am and is filed under China, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.