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A host of key economic data is set to close out the week in Japan. In the altered reality that is the coronavirus situation, some of the usually important economic metrics are largely being ignored by the markets.
In terms of getting a handle on the evolution of the recovery, the market is likely to be more interested in retail sales data and CPI. Industrial production figures might not be as prominent.
Japan has been noted lately as managing to get through the COVID pandemic without lockdowns. Although, their case rates started growing later than other major countries.
Just recently, Japan declared the last of the states of emergency over. The question now is, how fast will consumer sentiment recover pushing up the necessary retail sales to drive the economy forward?
Yesterday, the Finance Ministry released the details of the latest budget, with a new stimulus package of ¥117.1T. The level of spending puts Japan among the top five highest stimulus spending in the world a...
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