Japan Q4 GDP Unexpectedly Slips for 2nd Straight Contraction, Hit by Weaker Consumption, Business Investment, Public Works Spending
–Q4 GDP Annualized 0.4% Drop Below Median Forecast of 1.6% Growth–Consumption, Capex Both Post 3rd Straight Drop as Real Wages Keep Falling–In 2023, Japan’s Nominal GDP in Dollar Terms Falls Behind Germany’s Amid Weak Yen By Max Sato (MaceNews) – Japan’s gross domestic product for the October-December quarter unexpectedly posted a slight contraction of 0.1% […]
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 […]
Preview: Japan Q4 GDP Modest Rebound Expected, Led by Capex, Net Exports but Consumption Seen Weak Amid High Costs
By Max Sato (MaceNews) – Japan’s gross domestic product for the October-December quarter is forecast by economists to rebound a modest 0.4 percent on quarter, or an annualized 1.6 percent, after suffering its first contraction in four quarters in July-September, led by a slight pickup in business investment and a temporary jump in service exports, […]
US January ISM Manufacturing in Contraction for 15th Straight Month but Picks Up Toward Growth on Unexpected Jump in New Orders, Stable Output
–ISM Manufacturing Index 49.1 Vs. Downwardly Revised 47.1 in December–ISM’s Fiore: This Could be Beginning of Growth–Fiore: Still Bullish Main Index Will Go Above Neutral Line of 50 in March–Fiore: Customer Inventories Still Too Low, Positive for Future New Orders–Fiore: Member Firms Generally Agree to Pay Higher Prices in January By Max Sato (MaceNews) – […]
White House and Other Schedules for Thursday, Jan 25
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: GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, JANUARY 25, 2024In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, […]
ISM: US Services Sector Expands for 12th Month in December but Growth Slows on Seasonal Drop in Hiring, Economic Uncertainty, Geopolitical Risks
–ISM Services Index Falls to 7-Month Low of 50.6 from 52.7 in November –ISM’s Nieves: Employment Picture Hasn’t Changed Much –Nieves: Services Sector Expected to Be on Growth Path in 2024 By Max Sato (MaceNews) – Business activity in the U.S. services sector managed to expand for the 12th straight month in December but the […]
White House and Other Schedules for Thursday, Dec 21
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, DECEMBER 21, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
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 […]
Japan Q3 GDP Contraction Revised Down on Larger-Than-Expected Private Sector Inventory Drop; Domestic Demand Weak
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Revised Down to Slight Drop from Flat as Demand for Eating Out, Traveling Wanes Amid High Costs –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in four quarters […]
Preview: Japan Q3 GDP Contraction Seen Unrevised, Confirming Sluggish Domestic Demand
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Flat in Initial Data as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in three quarters in the July-September quarter is […]