Japanese Prime Minister Shinzo Abe told the parliament that he expected BoJ Governor Haruhiko Kuroda to make appropriate monetary policy decisions. And Kuroda would weigh the costs and benefits of each step. According to recent comments from BoJ officials, the country is facing risk that momentum towards price stability is undermined. And there will be re-examination of the economic and price trends at the upcoming meeting.
Released from Japan, labor cash earnings dropped -0.2% yoy in August, below expectation of -0.1% yoy. Household spending rose 1.0% yoy, above expectation of 0.9% yoy. Current account surplus widened to JPY 1.72T in August.
