boj minutes, 2020-03-16
The consumption activity index (CAI; real, travel balance adjusted) -- calculated by combining various sales and supply-side statistics -- had shown a relatively significant decline in October 2019 on a month-on-month basis, mainly due to a decline in demand following the tax hike and to the effects of natural disasters such as the 2019 Typhoon No. 19.
Sentiment: neutral
Topic: mp_economic_activity