The coming week is packed with key data, the bulk of which should be relatively upbeat. The markets will focus on the Tankan, but the monthly business surveys for September should also be reassuring. Retail sales, industrial output and housing starts probably all recorded decent gains in August, while the unemployment rate is hopefully back on its downward trend. On a more negative note, the strong yen is likely to have undermined export revenues further, while deflation remained entrenched. Overall, though, this week's data should support other recent evidence that the recovery remained on track in the third quarter despite the wobble in the second.
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