Reply To: Around The Barrel – Crude Oil and Gasoline Year End Outlook

#49820
Truman
Participant

Japan’s Prime Minister Kishida is reportedly looking to invest JPY100 trln as soon as possible and wants to host a special session of the Council on Economic and Fiscal Policy early next year.
Japan’s Ministry of Industry expects that steel production in Q1 will be down 4.0% yr/yr, but up 0.3% qtr/qtr.
The Japanese government maintained its forecast for FY23 CPI at 1.7% while the growth forecast was increased to 1.5% from 1.1%.
Bank Indonesia raised its reverse repurchase rate by 25 bps to 5.50%, as expected.
Japan’s October Leading Index 98.6 (last 98.2)
South Korea’s November PPI -0.2% m/m (last 0.5%); 6.3% yr/yr (last 7.3%)