Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Policy
(MNI) London
TOKYO (MNI)

The Bank of Japan's Consumption Activity Index rose 1.2% m/m in March, for the second straight rise following +0.9% in February, data released by the BOJ Wednesday showed. However, the index fell 1.6% q/q in Q1, a first drop in three quarters following +2.6% in the fourth quarter of 2020, and a reminder that private consumption will weigh on the Jan-Mar GDP reading.

The March gain confirmed demand for durable goods was solid in line with BOJ expectations, although face-to-face services were weak. The BOJ assessment was "a pick-up in private consumption has paused recently due to increased downward pressure on consumption of services, such as eating and drinking as well as accommodation."

Japan's real average household spending fell 1.8% q/q in Q1, marking a third straight decline, the government data showed.

The BOJ's Consumption Activity Index is designed to forecast revised private consumption, not act as a preliminary estimate.

Source: Bank of Japan

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.