The Trader 

Market Outlook: Grim in Japan

The Trader

As Japanese Prime Minister Shinzo Abe was yesterday telling UK members of parliament to back Theresa May’s deal on leaving the EU, because the world didn’t want a no-deal Brexit, data published in Japan this morning was downbeat. Household spending skidded to -0.6 per cent, from a peak of +2.8 per cent in October. The trade deficit increased in November from 321 billion to 559 billion yen. And the economy watchers’ surveys both dropped below 50: Current conditions to 48 from 51 and the outlook to 48.5 from 52.2 (lowest since April 2017).

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