(Reuters) - Separate data on Tuesday showed that household spending rose
much more than expected, suggesting that consumption held up well
in April after robust growth in the January-March quarter,
although retail sales shrank from a year ago.
Taken together, the data supported expectations that the Bank
of Japan could raise interest rates sometime after August,
helping lift two-year Japanese government bond yields to a
10-year high.
Read more at Reuters.com Economic News
much more than expected, suggesting that consumption held up well
in April after robust growth in the January-March quarter,
although retail sales shrank from a year ago.
Taken together, the data supported expectations that the Bank
of Japan could raise interest rates sometime after August,
helping lift two-year Japanese government bond yields to a
10-year high.
Read more at Reuters.com Economic News
No comments:
Post a Comment