White House and Other Schedules for Friday, May 26
WASHINGTON (MaceNews) – The following are Friday’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 FORFRIDAY, MAY 26, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Japan March Machine Orders Down for 2nd Straight Month, Q1 Up; Q2 Seen Rising Faster Amid Solid Capex Demand
–Machine Orders Seen +4.6% in Q2 Vs. +2.6% in Q1, Led by Strong Demand from Non-Manufacturers –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, came in much weaker than expected in March, posting drops on the month and year, […]
Japan April Exports Slower, Imports Drop; Trade Deficit Narrows Further from Record High in January
–Japan Posts 21st Straight Monthly Trade Deficit but Smallest Since February 2015–Exports to China Mark 5th Straight Y/Y Drop but at Slower Pace; Economy Recovering from Beijing’s Zero-Covid Policy Impact By Max Sato (MaceNews) – The year-over-year increase in Japanese export values slowed further in April amid softer global demand despite solid shipments of automobiles […]
Japan Q1 Solid GDP Rebound Led by Consumption, Capex, Public Works; Net Exports Drop Amid Slow Global Demand
–Q1 GDP Growth Stronger Than Forecast as Capex Shows Unexpected Rebound –Consumption Rise Higher Than Expected, Backed by Eased Covid Rules, Travel Subsidies –Q2 GDP Seen Supported by Pent-Up Consumer Demand for Services –Fiscal 2022 GDP +1.2%, Below Official Forecast of +1.7% By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter […]
US April ISM Manufacturing in Contraction for 6th Straight Month as New Orders Remain Sluggish Amid Uncertainty
–ISM’s Fiore: Main Index in 47 to 51 Range, Don’t See Any Change in Near Term –Fiore: Output Side Positive, Input Side Weak; Future Is Uncertain –Fiore: Firms Managing Output to Prepare for Pickup in Late Summer, Early Fall –Fiore: Customers Inventories at Low End of ‘Too High’ By Max Sato (MaceNews) – U.S. manufacturing […]
Japan’s Economy Shows Some Resilience in March Data Amid Slowing Global Growth; Inflation Hurts Purchasing Power
–Industrial Output Posts 2nd Straight Rise on Month, Prompting METI to Upgrade its View –Retail Sales Up on Recovery at Department Stores, Demand for Autos –Payroll Growth Continues but Unemployment Rate Rises Unexpectedly –April Tokyo CPI, Leading Indicator of National Data, Accelerates at Fast Pace By Max Sato (MaceNews) – Japan’s manufacturing sector is weathering […]
White House and Other Schedules for Wednesday, April 26
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, APRIL 26, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, […]
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 […]
Japan March Exports, Imports Slower; Trade Deficit Narrows Further from Record High in January
–Japan Posts 20th Straight Month of Trade Deficit on High Energy Import Costs–Exports to China Mark 4th Straight Y/Y Drop Amid Reopening Since Zero-Covid Policy Lifted in December –Fiscal 2022 Trade Deficit Record High Due to Spike in Energy Prices, Weak Yen By Max Sato (MaceNews) – Japanese export values rose on the year at […]
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 […]