Japan’s Government Continues to See Gradual Economic Pickup, Upgrades View on China for 2nd Straight Month
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall economic assessment that the gradual pickup will continue as widely eased Covid public health rules are seen propping up domestic consumer spending amid slowing global demand, according to its monthly report released by the Cabinet Office. The Japanese economy is showing resilience, thanks to […]
US March ISM Manufacturing in Contraction for 5th Straight Month on Uncertainty Over Demand Pickup Timing
–ISM’s Fiore Downplays Manufacturing Index Drop to 46.3, Saying, ‘We’ve Only Lost 3 to 4 Points in Past 5 to 6 Months’ –Fiore: Manufacturing Index Now Seems to Be in Range of 46 to 49, Probably in Q2, Too, Down from Earlier Range of 48 to 52 –Fiore: Demand Pickup Expected for July, August May […]
BOJ March Quarter Tankan: Manufacturers’ Sentiment Dips on Global Slowdown, Services Propped Up by Travel, Eating Out
–Carmakers, Paper/Pulp Makers See Rebound in June Sentiment; Steel Mills, Machine Makers Expect Decline –Wholesalers, Construction Firms See Lower June Sentiment; Hotels, Restaurants, Telecommunications Upbeat –Large Firms’ Capex Plans Show Solid Start to Fiscal 2023, Small Firms Unusually Bullish in Initial Plans By Max Sato (MaceNews) – Confidence among major manufacturers in Japan drifted lower […]
Preview: BOJ March Tankan Manufacturers Sentiment Down Further, Services Supported by Travel Discounts
–Manufacturers Seen Cautious Amid Global Slowdown, Elevated Costs –Govt Tourism Program, Eased Covid Rules Continue Propping Up Services –Business Confidence for June Seen Mixed with Slight Changes from March –Large Firms’ Capex Plans Expected to Show Solid Start to Fiscal 2023 –Small Firms Tend to Have Conservative Plans at Start of Fiscal Year By […]
Japan Government Keeps View on Gradual Economic Pickup Amid Brighter Consumer Sentiment, Sluggish Factory Output
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its economic assessment that the current gradual pickup remains intact on expectations that further reopening of the economy should support consumer spending while industrial production slowed on weaker global demand, according to its monthly report released by the Cabinet Office. In its March report, the government […]
<strong>Japan January Machine Orders Jump, Boding Well for Modest Q1 Rebound After Q4 Dip</strong>
–After Annual Revision, Cabinet Office Sees Core Orders Up 2.9% Q/Q in Q1, Revised Down from +4.3% –Cabinet Office Maintains View: Machinery Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, jumped for a second straight monthly advance in January, after a modest gain and […]
<strong>Japan January Industrial Output Slumps on Parts Shortages, Global Economic Slowdown</strong>
–METI Survey: Output Likely to Post Modest Gains in February, March; Not Strong Enough to Offset January Dip–METI Keeps View After Recent Downgrade: Output Has Weakened–METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production slumped at a faster pace than forecast in […]
<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 December Machine Orders Rebound After November Slump; Q1 Seen Up After Q4 Drop</strong>
–Govt Keeps View After Recent Downgrade: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a modest rebound in December in reaction to a plunge in November as capex plans for digitization and green transformation remain solid for fiscal 2022 ending in March, […]
<strong>White House and Other Schedules for Wednesday, Feb 15</strong>
WASHINGTON (MaceNews) – The following are Wednesday’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 WEDNESDAY, FEBRUARY 15, 2023 In the morning, the President and the Vice President will receive the President’s Daily Brief. This meeting in […]