The typical/expected market impact of this event is low.
The consensus forecast for Bank Lending (YoY) is 4.4%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
Higher numbers than forecast tend to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
The most recent announced value for Bank Lending (YoY) was 4.5% against a forecast of 4.4%.
Recent economic data has been moderately bearish for JPY. Other recent announcements which may affect the market's interpretation of the next Bank Lending (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Current Account n.s.a. | Bullish change | ¥931B | ¥3932.7B | ||
| Labor Cash Earnings (YoY) | Bullish change | 3% | 3.3% | ||
| Tankan Large All Industry Capex | Bearish change | 12.6% | 3.3% | ||
| Tankan Large Manufacturing Index | Bullish change | 16 | 17 | ||
| Tankan Large Manufacturing Outlook | Bearish change | 15 | 14 | ||
| Large Retailer Sales | (no change) | 3% | 3% | ||
| Retail Trade (YoY) | Bearish change | 1.8% | -0.2% | ||
| Retail Trade s.a (MoM) | Bearish change | 4.1% | -2% | ||
| Tokyo Consumer Price Index (YoY) | Bearish change | 1.5% | 1.4% | ||
| Tokyo CPI ex Food, Energy (YoY) | Bearish change | 1.8% | 1.7% | ||
| Tokyo CPI ex Fresh Food (YoY) | Bearish change | 1.8% | 1.7% | ||
| Unemployment Rate | Bullish change | 2.7% | 2.6% |
| Country: | Japan |
|---|---|
| Currency: | JPY |
| Source: | Bank of Japan |
| Category: | Consumption |
| Frequency: | Monthly |