According to the latest June quarter survey conducted by the Bank of Japan (BOJ), the Japanese households were the most pessimistic about the economy in more than a decade in the three months to June, courtesy the coronavirus pandemic-induced hit on the country’s consumption. Key findings “The pandemic also weighed on inflation expectations, reinforcing expectations the health crisis will slow the bank’s push to hit its elusive 2% price target.” “The diffusion index measuring households’ confidence on the economy stood at -71.2 in June, worsening from -36.3 in March to hit the lowest level since September 2009.” “Of the total households surveyed, 66.7% expected prices to rise a year from now, down from 68.4% in March.” Market reaction The yen was unfazed by the above survey, as USD/JPY tracked the broad-based US dollar bounce amid risk-off mood. Growing coronavirus lockdown risks continue to dent the sentiment. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY climbs to session tops, back above mid-107.00s FX Street 3 years According to the latest June quarter survey conducted by the Bank of Japan (BOJ), the Japanese households were the most pessimistic about the economy in more than a decade in the three months to June, courtesy the coronavirus pandemic-induced hit on the country’s consumption. Key findings “The pandemic also weighed on inflation expectations, reinforcing expectations the health crisis will slow the bank's push to hit its elusive 2% price target.” “The diffusion index measuring households' confidence on the economy stood at -71.2 in June, worsening from -36.3 in March to hit the lowest level since September 2009.” “Of the total… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
