New Zealand's Economy Emerges From Recession in 1Q -- Update

New Zealand's farm-rich economy returned to growth in the first quarter, exiting the recession that has dogged it for much of last year, but further weakness can't be ruled out.

WSJ20:29 ET

NZD/JPY Price Analysis: Kiwi Drops but Remains Near the 97.00 Level

During Wednesday's session, the NZD/JPY pair experienced a mild setback, dropping below the 97.00 point. Nonetheless, the 20-day Simple Moving Average (SMA) at 96.30 demonstrated its resilience once again at the start of the week, effectively staving off the sellers' attempts to breach it.

FXStreet17:42 ET

Westpac New Zealand's Consumer Confidence Survey Declines to 82.2 From 93.2

Westpac New Zealand's quarterly Consumer Confidence Survey reported a decline in aggregate consumer sentiment for the second quarter, with Q2 2024's Consumer Confidence Survey dropping 11 points to 82.2 after the previous climb to 93.2. According to Westpac, surveyed consumers are reported ongoing pressure from high interest rates and large increases in living costs.

FXStreet17:10 ET

Ueda Appears More Confident About Prices, Ex-BOJ Director Says

Bank of Japan Governor Kazuo Ueda is apparently becoming more confident on the outlook for inflation based on his recent comments, according to a former BOJ executive director who finished her term last month.

BNN BloombergJun 19 03:25 ET

Japan's FinMin Urges Government to Issue Shorter Term Debt to Reduct Interest-rate Risk

Having reviewed a draft proposal, Reuters reported that the Japanese Finance Ministry panel is likely to urge the government to issue shorter-duration debt to reduce interest-rate risk.

FXStreetJun 18 23:56 ET

Minutes of the Bank of Japan's April meeting: Discussing the acceleration of policy normalization and implying a possible rate hike in July.

Minutes of the meeting show that the board of directors of the Bank of Japan discussed the possibility of accelerating the pace of policy normalization, as the impact of the weak yen on inflation may require a response from the central bank.

Zhitong FinanceJun 18 23:36 ET