Japan May Producer Inflation Eases on Slower Crude Oil Rise After Hitting 41-Year High in April
–BOJ’s Kuroda Committed to Easing Stance Despite Weak Yen, Seeing Slower Prices in FY23 By Max Sato (MaceNews) – Producer inflation in Japan eased in May to 9.1% on the year as crude oil and non-ferrous metal prices fell from the previous month, reflecting recent international markets, but April’s 9.8% spike, although downwardly revised from […]
Preview: Japan Q1 GDP Slip Seen Revised Down Slightly on Softer Capex
–Forecasts for Weaker Capex, Higher Private Inventories Based on MOF Survey –Private Consumption Seen Flat, Unrevised from Preliminary Data –Q2 GDP Growth Expected to Rebound As Covid Restrictions Eased By Max Sato (MaceNews) – Japan’s economic slump in the January-March quarter, which was caused by the drag from Covid restrictions on consumer spending and a […]
Japan May Tokyo CPI Y/Y Rise Around BOJ’s 2% Target but FY22 Uptick Seen Temporary
–May Tokyo CPI Annual Rate Highest in Nearly 3 Decades Excluding 2014, 1997 Sales Tax Hike Impact–Energy, Food Prices Lead Inflation; BOJ Sees Impact of Commodity Market Spike Fading in FY23–Gasoline Price Markups Smaller on Govt Subsidies; Utilities Costs High but Also Easing By Max Sato (MaceNews) – The year-on-year rise in consumer prices in […]
Japan April Producer Inflation Hits Fresh 41-Year High of 10% on Crude Oil, Steel, Metals
–Japan April Producer Prices Also Jump 1.2% on Month on Naphtha, Fuel Oil–BOJ Sees Core CPI Temporarily Up at 2% in Fiscal 2022 But Not Anchored By Max Sato (MaceNews) – Producer inflation in Japan surged to a fresh 41-year high, hitting10% in April as the year-on-year increase in crude oil, steel products and non-ferrous […]
Japan April Tokyo CPI Jumps to Around 2% as Mobile Phone Charge Discount Base Effects Ease Off 
–BOJ Board Sees CPI Jump in FY22 as Temporary; FY23 CPI to Slip Back to 1% –Utilities, Food Prices Lead Inflation; Impact of Energy Market Spike Seen Fading Next Year –Energy Prices Post 1st Slowing in Current Y/Y Rise Phase; Govt Subsidies Capping Gasoline Markups By Max Sato (MaceNews) – The year-on-year rise in consumer […]
BOJ Keeps Easing Stance, To Defend 10-Year JGB Yield at 0.25% in Daily Fixed-Rate Buying Operations
–BOJ Vows to Keep Monetary Support Until 2% Inflation Achieved Despite Weak Yen –Japan Economy Likely to Recover As Pandemic Impact, Supply Bottlenecks Ease –BOJ Board: Core CPI Y/Y Up 1.9% in FY22 Before Slowing to 1.1% in FY23 As Energy Effects Wane By Max Sato (MaceNews) – The Bank of Japan said Thursday it […]
Japan March Producer Prices Up 9.5% Vs. 9.7% in February, Crude Oil Cost Rise Moderates 
–Japan Producer Prices +0.8% M/M, Led by Electric Power, Chemicals –Japan Producer Prices Rebound 7.3% in Fiscal 2021 After 1.4% Drop By Max Sato (MaceNews) – Producer inflation moderated slightly in March but remained high above 9%, close to a 41-year high, as global supply bottlenecks and high energy costs continued amid uncertainty over the […]
BOJ March Tankan Business Sentiment Slips on Covid, Ukraine; Capex Plans Revised Down
–Fall in Sentiment After Recent Improvement Not As Bad As Forecast –Major Firms Revise Down FY21 Capex Plans, See Small Rise in FY22 –Smaller Firms Unexpectedly Revise Down FY21 Capex Plans; Cautious of FY22 By Max Sato (MaceNews) – Confidence among many sectors in Japan slipped in March after improving for the sixth straight quarter […]
BOJ March Meeting Summary: Watch Underlying Inflation, Japan Needs Easing
By Max Sato (MaceNews) – Bank of Japan board members argued sustainable inflation must come from domestic demand amid moves among firms to pass higher costs onto consumers, with one pointing to downside risks to the inflation outlook from a fallback in global commodities prices later this year, according to the summary of opinions expressed […]
Analysis: Bank of Japan to Keep Easing Stance, To Check 10-Year JGB Yield Rise Despite Yen Fall
By Max Sato (MaceNews) – The Bank of Japan is committed to maintaining its current monetary easing framework aimed at guiding low inflation toward its 2% target despite the recent rapid depreciation of the yen, which could further push up import costs amid rising food and energy costs. The BOJ on Monday resumed unlimited fixed-rate […]