Japan Jan CPI Y/Y Drop Shrinks on Suspended Travel Discounts Amid Pandemic
— Lower Energy Costs Remain Key Factor Behind Weak Consumer Prices By Max Sato (MaceNews) – The energy-led downtrend in Japanese consumer prices eased substantially in January as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal Affairs and Communication released Friday showed. The improvement was […]
WEDNESDAY WHITE HOUSE SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are the Wednesday public schedules for the White House, Treasury, the Capitol and upcoming economic statistics: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, FEBRUARY 10, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will […]
DATA PREVIEW: INFLATION SPECTER REAPPEARS EVERYWHERE BUT THE DATA
–CPI on Wednesday; UMich on Friday WASHINGTON (MaceNews) – The Consumer Price Index is reported on Wednesday by the Bureau of Labor Statistics and is not expected to exhibit any sudden acceleration, particularly since its driving force, the shelter index, has been moderating for five months. The consumer price measure plays a big role in […]
JAPAN JAN TOKYO CPI DROP EASES AS GOVT SUSPENDS HOTEL DISCOUNTS AMID SURGING COVID-19 CASES
— Lower energy prices remain key factor behind y/y fall in CPI By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, made an unexpectedly large month-on-month rebound in January, as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal […]
JAPAN DEC CPI DROPS FURTHER ON LOWER ENERGY COSTS; HOTEL FEE DROP EASES AMID PANDEMIC
By Max Sato (MaceNews) – Japanese consumer prices posted a slightly sharper drop in December as energy costs continued falling. But a spike in coronavirus cases later in the month appeared to have slowed the use of the government-financed hefty discounts on hotel and transport charges, data from the Ministry of Internal Affairs and Communication […]
DATA PREVIEW: RETAIL SALES AND INFLATION MEASURES
WASHINGTON (MaceNews) – Economic data in the week ahead includes the December retail sales report, along with the two major inflation measures, the CPI just a week from Inauguration Day and the PPI but market participants are unlikely to pay much attention. The major stock indexes were propelled back into record territory Friday, in part […]
JAPAN DEC TOKYO CPI POSTS LARGEST Y/Y DROP IN 10 YEARS
–Sliding Energy Prices, Government-Led Travel Discounts Cited By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, took the deepest dive in a decade in December, hit by falling food and energy prices as well as a controversial five-month-old government program to support the pandemic-hit tourism industry with hefty […]
DATA PREVIEW: INFLATION MEASURES NOT EXPECTED TO RING ANY ALARM BELLS
WASHINGTON (MaceNews) – The coming week’s economic data measures updated consumer and business inflation readings in a context of higher interest rates and a slower rebuilding of the jobs market. Outside of the standard data, Congress faces a midnight Friday deadline to avoid another government shutdown which, if it happens, could delay the following week’s […]
JAPAN NOV TOKYO CORE CPI POSTS LARGEST Y/Y DROP IN OVER 8 YEARS AMID SLIDING ENERGY COSTS
By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a larger-than-expected drop in November, amid falling energy prices and a controversial government program to support the pandemic-hit tourism industry with hotel and transport discounts, data from the Ministry of Internal Affairs and Communications released Friday showed. The […]
JAPAN OCT CPI DROP DEEPER ON WEAKER ENERGY, GOVT-FINANCED TRAVEL DISCOUNTS
By Max Sato (MaceNews) – Japanese consumer prices posted a sharper drop in October as energy costs were slow to recover amid the global pandemic and the government campaign to save the hard-hit tourism industry by subsidizing hefty discounts had a wider impact, data from the Ministry of Internal Affairs and Communication released Friday showed. […]