Japan Government Upgrades View: Consumption, Jobs Leading Gradual Economic Pickup
By Max Sato (MaceNews) – Japan’s government Tuesday upgraded its economic overview for the first time in three months in July as consumption is on a clearer pickup path, led by job creation and pent-up demand, but real wages are falling amid rising inflation and the weaker yen is eroding purchasing power, according to its […]
Japan June Exports Hit Record High, Shipments to China Rebound After Covid Lockdown
–Exports Hit Fresh Record High on Reopening Demand, Rising Costs –Imports Mark 4th Straight Month of Record High amid High Oil and Gas Prices –In 1H 2022, Exports, Imports Reach All-Time Highs, Trade Deficit Largest By Max Sato (MaceNews) – Solid reopening demand for mineral fuels, iron and steel, and semiconductors led Japanese export values […]
Japan May Industrial Output Plunges as China Covid Lockdowns Worsen Supply Bottlenecks
–METI: June Output Likely to Rebound but Not Enough to Offset May Drop–May Index of Industrial Production Hits Lowest Level Since August 2020 –METI Downgrades View for 2nd Straight Month: Output Weaker Vs. Pausing –METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine War By Max Sato (MaceNews) – Japan’s industrial production posted […]
Preview: BOJ June Tankan Sentiment Mixed; Manufacturers Down, Services Up
–Covid Lockdowns in China, High Producer Costs Weigh on Factory Operators –Services Seen Upbeat on Japan’s Eased Covid Rules, Summer Spending Hopes –Business Confidence Projected to Improve in September Amid Uncertainty –Firms, Large and Small, Expected to Revise Up Their Combined FY22 Capex Plans By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan […]
White House and Other Schedules for Tuesday, June 28
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JUNE 28 – THURSDAY, JUNE 30, 2022 Tuesday, June 28, 2022 The President will attend the final session of the […]
Japan May Exports Post 15th Straight Y/Y Rise on Reopening Demand for Steel, Electronic Parts
–Imports Hit Fresh Record High on High Energy Costs, Leading to 10th Straight Trade Deficit –Exports to China Mark 2nd Straight Y/Y Drop on Covid Lockdowns By Max Sato (MaceNews) – Global reopening demand for iron and steel and semiconductors continued driving Japanese exports to surpass year-earlier levels for the 15th month in a row […]
US ISM Manufacturing Growth Edges Up in May; Labor Shortages, Supply Delays Linger
–ISM: Worst of Supply Delays Yet to Come for US Manufacturers –ISM: Early Signs of Fed Tightening Causing Softer Demand By Max Sato (MaceNews) – US manufacturing activity growth picked up slightly in May, but companies continued to face labor shortages and global supply chain constraints, with Covid lockdowns in Chinese port cities expected to […]
US ISM Manufacturing Growth Slows in April on China Lockdowns, High Prices
–ISM: Manufacturing Sector at Pause as Buyers Wait for Prices to Come Down –ISM: Supply Constraints Not Getting Worse; ‘Very Concerned’ Over China Port Situation –ISM: No Indication of Softening Demand in US Despite Q1 GDP Contraction By Max Sato (MaceNews) – US manufacturing activity growth slowed in April, hit by labor shortages, high prices […]
Japan March, Fiscal 2021 Exports Hit Record Highs, Imports Surge at Faster Pace
–Imports Also at Record High on Energy, Leading to 8th Straight Trade Deficit –Exports to China Slower in March, Volumes Down on Year –Auto Exports Slip in March After February Rebound Amid Supply Bottlenecks By Max Sato (MaceNews) – Japanese exports hit a record high in March, marking the 13th straight year-on-year increase, on reopening […]
BOJ March Tankan Business Sentiment Slips on Covid, Ukraine; Capex Plans Revised Down
–Fall in Sentiment After Recent Improvement Not As Bad As Forecast –Major Firms Revise Down FY21 Capex Plans, See Small Rise in FY22 –Smaller Firms Unexpectedly Revise Down FY21 Capex Plans; Cautious of FY22 By Max Sato (MaceNews) – Confidence among many sectors in Japan slipped in March after improving for the sixth straight quarter […]