Japan Govt Keeps Cautious View on Economy, Noting Slower Export Growth
–Japan Sees Global Economic Pickup But Downgrades China Growth Pace By Max Sato (MaceNews) – Japan’s government Friday maintained its cautious view on the pace of domestic economic recovery as global supply chain disruptions linger and export growth slows, according to its monthly report released by the Cabinet Office. The government said the economy […]
FACT SHEET: THE BIDEN-HARRIS ADMINISTRATION’S NEW APPROACH TO THE U.S. – CHINA TRADE RELATIONSHIP
WASHINGTON (MaceNews) – The following is a fact sheet issued by the U.S. Trade Representatives Office and the White House, summarizing the comments by USTR Katherine Tai Monday in an appearance at the Washington think tank CSIS: Joe Biden ran for president on a promise to restore the backbone of this country, the middle class. […]
Japan Govt Sees Slower Economic Pickup Amid Disrupted Supply Chains, Pandemic Spike
— Consumption, Factory Output Downgraded While Exports on Track By Max Sato (MaceNews) – Japan’s government Thursday provided a more cautious view of the recent pickup in the domestic economy, saying its pace is slowing in the face of global supply chain disruptions and a surge in coronavirus cases, according to its monthly report released […]
Japan Aug Export Rise Slows; Trade Deficit on Energy, Vaccine Import Surge
By Max Sato (MaceNews) – Japanese exports continued rising at a double-digit rate on year in August after the pandemic-triggered 2020 slump, but their momentum lost steam amid global supply chain disruptions and rising Covid-19 cases, data released Thursday by the Ministry of Finance showed. Demand for Japanese iron and steel as well as semiconductor-producing […]
US Data Preview Commentary: Jobs Report, ISMs and Again, Evictions, Delta Variant Threats and Questions about Booster Shots
WASHINGTON (MaceNews) – A muted deep summer week ahead with a jobs report that will surprise no one, no matter what it says. There will have been a lot of hiring in July, an unemployment rate that may improve a little and still many, many unemployed people. The weekly benefit claims for the survey week […]
Japan June Exports Continue Recovering from Pandemic-Hit 2020
–Jan-June Exports Mark 1st Y/Y Rise in 5 Half-Year Periods By Max Sato (MaceNews) – Japanese exports continued posting a sharp year-on-year rise in June and posted the first y/y gain in five half-year periods in January-June, recovering from the pandemic-caused slump of 2020, led by demand for automobiles and steel, data released Wednesday by […]
Japan May Factory Output Slumps As Chip Shortages Hit Carmakers
–May’s Sharper-Than-Expected 5.9% Drop Also In Reaction To April Gain — Japan’s METI Keeps Its View: Output Picking Up, Sees Rebound in June –METI Warns of Drag From Global Chip Shortages, Coronavirus Delta Variant By Max Sato (MaceNews) – Japan’s industrial production slumped at a faster pace than expected in May from the previous […]
Japan May Exports Continue Surging From Pandemic-Caused 2020 Slump
–Imports Also Jump on Higher Energy Costs, Leading To Trade Deficit By Max Sato (MaceNews) – Japanese exports posted a third straight month of a double-digit percentage surge from a year earlier in May, largely in reaction to pandemic-triggered sharp declines from March to August last year, particularly in the second quarter, data released Wednesday […]
US Data Preview: CPI, UMich, Household Wealth, FedSpeakers Quiet
WASHINGTON (MaceNews) – The week ahead seems designed to be a time of reflection given the consumer inflation reading is the single highlight, Federal Reserve speakers go quiet before the following week’s FOMC meeting, and we’re reminded how fortunate the United States is, increasing household wealth by likely double digits despite the pandemic. Actually the […]
German Business Sentiment Expected to Improve Slightly in May
ZURICH (MaceNews) – The business outlook among German companies is expected to have improved in May, data released tomorrow by Germany’s IFO Institute at 10am CET are expected to show. After failing to meet expectations for improvement the month before, The Business Climate Index is expected to improve to 98.0 in May from 96.8 in […]