Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection


Bank of Japan Governor Kuroda repeated that current inflation is the result of cost push factors and that the BoJ will continue supporting the economy with easing. Another BoJ official said that it is too early to talk about tightening policy.
The Japanese government is reportedly considering raising taxes on electric vehicles.
Moody’s commented on China’s property sector, noting that the outlook remains negative since government support will not have an immediate impact.
China’s October FDI 14.4% yr/yr (last 15.6%) o Japan’s October trade deficit JPY2.30 trln (expected deficit of JPY2.23 trln; last deficit of JPY2.04 trln). October Imports 53.5% yr/yr (expected 49.7%; last 45.9%) and Exports 25.3% yr/yr (expected 28.1%; last 28.9%)
Hong Kong’s October Unemployment Rate 3.8% (last 3.9%)
Australia’s October Employment Change 32,200 (expected 15,000; last -3,800) and full employment change 47,100 (last 10,900). October Unemployment Rate 3.4% (expected 3.6%; last 3.5%) and Participation Rate 66.5% (expected 66.6%; last 66.5%)
New Zealand’s Q3 Input PPI 0.8% qtr/qtr (expected 2.6%; last 3.1%) and Output PPI 1.6% qtr/qtr (expected 2.1%; last 2.4%)
Singapore’s October trade surplus $4.07 bln (last surplus of $5.78 bln). October non-oil exports -3.7% m/m (expected -2.3%; last -3.9%); -5.6% yr/yr (expected -0.6%; last 3.1%)