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Japan’s Aso to take a pay cut over document scandal

Japan’s finance minister Aso apologises once again over the Moritomo scandal This has died down a little after attention was brought to the media at the start of the year. But yeah, Aso says he’ll take a one-year’s pay cut – voluntarily – after he was implicated in the scandal involving Japan prime minister Abe…

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Eurozone April PPI 0.0% vs +0.2% m/m expected

Latest data released by Eurostat – 4 June 2018 Flat reading on the month, and slightly lower on the yearly estimate than expected. Nonetheless, it’s a minor data point as it acts as a rough gauge of inflationary pressures – but a poor gauge considering that the fact the data is a lagging one.

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The RBA meets tomorrow, what to expect?

In short, the meeting is largely expected to be a non-event Nothing has really changed since the last RBA meeting as the for the RBA – inflation and household consumption/debt – are yet to show any signs of improvement just yet. barely showed any improvement, and that will mean that the RBA will continue