<strong>Japan Q4 GDP Slight Rebound Revised Down to Zero Growth on Smaller-Than-Expected Consumption Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 GDP –Consumption Resilient on Eased Covid Rules, Travel Subsidies Despite Falling Real Wages –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports; Rising Costs Cause for Concern By Max Sato (MaceNews) […]
<strong>Preview: Japan Q4 GDP Slight Rebound Seen Unrevised, Led by Consumption, Net Export Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 Growth –Consumption Solid on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports By Max Sato (MaceNews) – The slight rebound […]
<strong>White House and Other Schedules for Thursday, Feb 23</strong>
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, FEBRUARY 23, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
<strong>Japan Govt Keeps View on Gradual Economic Pickup After Its 1st Downgrade of Overview in 11 Months on Global Slowdown </strong>
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic assessment that the current gradual pickup is still intact after downgrading it for the first time in 11 months in January amid weaker global demand, according to its monthly report released by the Cabinet Office. In its February report, the government said the economy […]
<strong>Japan Q4 Modest GDP Growth Led by Net Export Rise after Service Import Surge Caused Q3 Contraction</strong>
–Q4 GDP Rise Smaller Than Expected as Private Inventories Drop Sharply –Consumption Up on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Capex Posts Pullback as Expected but Potential Demand for Investments Solid –Q1 GDP Seen Supported by Consumption Amid Slowing Global Demand By Max Sato (MaceNews) – Japan’s gross domestic product for […]
<strong>Preview: Japan Q4 GDP to Post Solid Rebound on Consumption, Net Exports After Surprise Q3 Contraction</strong>
–Consumption Resilient Thanks to Eased Covid Rules, Travel Support Program –External Demand to Lead Growth as Impact of Q3 Service Import Surge Wanes –Q4 Capex May be Down in Reaction to Strong Gains in Previous 2 Quarters –Q1 GDP Growth Seen Led by Consumption but Inflation, Slowing Global Demand Remain Headwinds By Max […]
<strong>Japan December Household Spending Slips on Discount Mobile Phone Plans; Covid Spike, Inflation Spoil Yearend Parties </strong>
–Spending on Hotels, Transport Continues Rising on Govt Tourism Support –October-December Household Spending Rebounds, Indicating Consumption Supported Expected Q4 GDP Solid Growth –Spending in 2022 Marks 2nd Straight Annual Rise, Showing Pickup from Pandemic Slump –December Real Household Income Posts 3rd Straight Y/Y Drop as Inflation Bites By Max Sato (MaceNews) – Japan’s real household […]
<strong>US January ISM Manufacturing Remains in Contraction on Lower New Orders, Output</strong>
–ISM’s Fiore: May Have Turned Corner on Soft Orders; Expect Pickup in 2nd Half of 2023 –Fiore: Firms Keeping Headcounts to Prepare for Recovery in 2nd Half –Fiore: Manufacturing Relies on Domestic Demand but Firmer China Demand Positive By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the third straight month […]
<strong>White House and Other Schedules for Thursday, Jan 26</strong>
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 26, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
FOMC Minutes Reflect Undimmed Dedication to Quenching Inflation Regardless of Slow Growth Consequences
WASHINGTON (MaceNews) – Federal Open Market Committee policymakers agreed on maintaining anti-inflation momentum with a continuing tolerance for any economic slowdown that may result this year without any premature easing. The Fed staff told the committee anticipated this year will see growth “slow markedly” and that GDP growth will be “subdued” through 2025. “No participants […]