Japan January Core CPI Annual Rate Decelerates to 22-Month Low of 2.0% on Further Drop in Subsidized Energy Prices, Slower Food Markups, Smaller Hotel Fee Rise
–Total CPI Y/Y Rise Also Slows to 22-Month Low of 2.2% But Above Consensus–Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 11-Month Low of 3.5%–Resumed Web Scraping Data Collection Causes Spike in Overseas Package Tour Prices, Leading to Slower-Than-Expected CPI Easing–Services Costs Up 3.2% Y/Y Amid Wage Hikes Vs. Goods Prices +1.9% By Max […]
White House and Other Schedules for Tuesday, Feb 13
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, FEBRUARY 13, 2024 In the afternoon, the President and the Vice President will have lunch. This meeting in the President’s Private Dining […]
IMF: BOJ Should Consider Unwinding Monetary Easing Under Yield Curve Control Framework Now
–IMF: BOJ Then Should Gradually Raise Interest Rates–IMF Critical of Kishida Government’s ‘Untargeted’ Economic Stimulus Package By Max Sato (MaceNews) – The Bank of Japan should consider unwinding its large-scale monetary easing now by exiting the seven-year-old yield curve control framework, the International Monetary Fund said Friday, noting that easing in the past decade has […]
Japan January Tokyo Core CPI Annual Rate Eases Sharply on Further Energy Price Drop, Slower Food Markups, Hotel Fee Rise
–Total CPI, Core (Ex-Fresh Food), Both +1.6% Y/Y, Slowest in 22 Months–Core-Core CPI (Ex-Fresh Food, Energy) Moderates to 11-Month Low of +3.1% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the leading indicator of the national average, eased at a much faster pace than expected in January in all three key measures as food […]
Japan December Core CPI Annual Rate Decelerates to 18-Month Low of 2.3% from November’s 2.5% on Utility Subsidies, Slower Processed Food Markups
–Total CPI Y/Y Rise Slows to 17-Month Low of 2.6% from 2.8% –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases Further to 10-Month Low of 3.7% from 3.8% –Services Costs Up 3.3% Y/Y Due to Wage Hikes Vs. Goods Prices Up 2.3% By Max Sato (MaceNews) – Consumer inflation in Japan continued easing in December […]
White House and Other Schedules for Thursday, Jan 11
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, JANUARY 11, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval […]
Japan December Tokyo Core CPI Annual Rate Eases Further as Processed Food Markups Have Peaked, Energy on Downtrend
–Services Costs Up More Than 3% Amid Widespread Labor Shortages; Goods Price Gains Ease Further to 2% –Core CPI (Ex-Fresh Food) +2.1%, Total CPI +2.4%, Both Slowest Y/Y Rise in 18 Months –Core-Core CPI (Ex-Fresh Food, Energy) Also Moderates to +3.5% from +3.6% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the leading indicator […]
ISM Semiannual Survey: US Economy to Continue Picking Up in 2024 as Fed Rate Cut Forecast Seen Easing Concerns
By Max Sato (MaceNews) – The U.S. economy is expected to continue improving in 2024 on expectations that it will avoid recession while inflation and borrowing costs will ease, according to the twice-annual survey by the Institute for Supply Management released Friday. “Manufacturing’s purchasing and supply executives expect to see overall growth in 2024,” Timothy […]
White House and Other Schedules for Tuesday, Dec 12
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, DECEMBER 12, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]
Preview: BOJ December Tankan to Show Major Manufacturer Sentiment Up for 3rd Straight Quarter on Improved Supply Chains, Lower Import Costs
–Major Non-Manufacturer Confidence Seen Unchanged; Inbound Spending High but Labor Shortages Bite –Firms in Many Sectors Likely to Be Wary of Near-Term Outlook Amid Slowing Global Growth –Large Firms Seen Revising Down Fiscal 2023 Capex Plans; Small Firms to Raise Theirs Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]