Japan’s October Household Spending 1.1% m/m (expected 1.5%; last 1.8%); 1.2% yr/yr (expected 1.0%; last 2.3%). October overall wage income 1.8% yr/yr (last 2.2%)
Australia’s Q3 Current Account deficit AUD2.30 bln (expected surplus of AUD10.50 bln; last surplus of AUD14.70 bln)
There was continued focus on reopening efforts in China.
Japan’s household spending increased for the second consecutive month in October.
Japan’s Finance Minister Suzuki said that ruling parties are consulting on the appropriate level of defense funding after it was reported that the country plans to increase its defense spending by 50% over the next five years.
The Reserve Bank of Australia raised its cash rate by 25 bps to 3.10%, as expected.