Currency Note Worldwide

Disappointing data from China and Japan this morning

By Ricky Bean August 13th, 2014

  • Chinese industrial output for July showed an unexpected dip in figures released this morning which increases concern over their economy. Initial movement in the Renminbi has been limited
  • Japans economy contracted by 6.8% in the second quarter of 2014. This had been caused by the increase in Japan of its sales tax from 5% to 8% which meant that Japanese consumers had bought forward their purchases. It was better that the predicated contraction of 7.1%. Initial reaction was a slight weakening of the Yen.

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