More and more politicians in Japan calls for fight against high yen.

Statistics released in Japan is somewhat stronger than expectations, confirming the revision of GDP growth in the second quarter to 0,4% against 0,1%. mentioned earlier. Moreover the price index for goods corporations out of the negative zone. Bank of Japan reported that in August, prices were the same as a year earlier. Have been revised upwards data for July, also showed no decline (previously reported decline of 0.1%). Markets expect a depression in the negative in July to -0.2%. These data are somewhat relieve the tension on deflation.
Meanwhile, as previously announced, the Prime Minister Kang unveiled details of the next project to stimulate consumer activity. 920 billion yen (11 billion dollars) will go to the following: 450 billion - to encourage purchases of energy-saving products for homes and lower rates for some types of mortgages, and approximately 175 - to improve honey. services, health and tourism. 11 billion - this is very little for the second-largest consumer market in the world. And such a move caused in most of the desire to score political points before the election to head the Democratic Party. Competitor Giro Ozawa offers twice the package to stimulate. At the same time on the background of a warning from the minister of economic policy, that economic growth could slow, Trade Minister said that Japan should send a clear message regarding concern yen at a meeting of Big Twenty. It is unlikely that such a position will be supported by other countries. In the best case it will be a tacit acquiescence.

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