Japan’s Eastern Areas Face Power Shortages After Quake Amid Winter Weather
By Max Sato (MaceNews) – The Japanese government issued a rare warning of power shortages in Tokyo and surrounding prefectures, urging businesses and households to cut electricity use by 10%, starting Tuesday, as heating demand is rising and supply is falling after last week’s major earthquake. The Japan Meteorological Agency is forecasting cold weather with […]
Analysis: Japan PM Kishida to Face Bad Economic News After Omicron Storm
–Economists Revise Down Forecasts to Show Slight Contraction in 1Q By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida is likely to face bad news on the economic front after barely surviving voter frustration over public health restrictions imposed about two months ago aimed at fighting a surge in Covid infections caused by the […]
German Economic Sentiment Plunges on Ukraine, Sanctions, ZEW Reports
ZURICH (MaceNews) – Economic sentiment in Germany fell by a historic margin in March, as the war in Ukraine and resulting sanctions against Russia pushed the ZEW institute’s measure of economic sentiment into sharply negative territory. The ZEW measure of economic sentiment plunged 93.6 points in March to a reading of -39.3 from the February […]
US ISM Manufacturing Index Rebounds in February on New Orders
–ISM: Conflict in Ukraine Unlikely To Hurt US Manufacturing Expansion –ISM Concerned Rising Energy Prices To Provide Headwinds To US Economy –ISM Survey Shows Supply Chain Constraints Remain, Backlogs Grow By Max Sato (MaceNews) – US manufacturing activity rebounded in February after Covid restrictions caused by the Omicron variant slowed the sector’s growth in January, […]
Toyota To Suspend Japanese Domestic Factory Operations as Suspected Cyberattack Hits Supplier
By Max Sato (MaceNews) – Toyota Motor said Monday that it will suspend all domestic factory operations on Tuesday after one of its parts suppliers was hit by a suspected cyberattack, adding to challenges for the auto industry that is already suffering from global chip shortages and pandemic-caused supply bottlenecks. It is unknown who staged […]
Japan January Industrial Output Dips As Covid Infections Hit Auto Factories
–METI Keeps View Output Shows Signs of Pickup As Firms See Rebound in Feb –METI To Watch Effects of Spread of Pandemic, Parts Shortages, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted the second straight drop in January, slipping after a surge in November, as a spike in Omicron-led coronavirus cases caused some […]
Japan January Exports Post 11th Straight Rise on Reopening Demand but Pace Slows
–Import Gain Remains High on Energy, Leading to 6th Straight Trade Deficit –Exports to China Slip Leading to Lunar New Year Holidays –Auto Shipments Slide After Recent Pickup on Easing Supply Bottlenecks By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 11th straight month in January but at a slower […]
Japan December, Q4 Machine Orders Continue Rising; Slight Setback Seen in Q1
–Japan Government Upgrades View for 2nd Month: Machine Orders Picking Up By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, unexpectedly posted a third straight monthly gain in December, boding well for capital investment, which marked a modest rebound in October-December to support Q4 GDP growth, data […]
Japan December Exports Continue Rising on Reopening Demand, Car Supply Pickup
— Import Gain Remains High on Energy, Leading to 5th Straight Trade Deficit By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 10th straight month in December, thanks to reopening demand for iron and steel and electronic parts as well as easing supply constraints for the auto industry, data released […]
German Economic Outlook Starts the Year on a Strong Note, ZEW Report Shows
ZURICH (MaceNews) – Economic sentiment in Germany came in well above expectations in January indicating that the economy is seen improving in the coming six months, as COVID cases are seen falling by summer, the latest report from the Mannheim-based ZEW institute showed. ZEW’s Index of Economic Sentiment rose to 51.7 in January from 29.9 […]