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Japan’s Aso: There is room for capex to grow further

Japanese Finance Minister Taro Aso was on the wires earlier today, via Reuters, commenting on Japan’s capex and housing investment.

Key Points:

Housing investment was biggest driver of growth in Q2 GDP

There is room for capex to grow further given machinery orders remain at high levels

AUD/NZD: Upside potential with possible retest of 1.10 on the cards – Westpac

Sean Callow, Research Analyst at Westpac explains that after sliding steeply in Q2, Australia’s commodity price basket has outperformed New Zealand’s
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