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 February Exports Up After China Lunar New Year Holidays Distort Flows; Trade Deficit Narrows from Record High </strong>
–Japan Posts 19th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to China Mark 3rd Straight Y/Y Drop Amid Renewed Covid Spike By Max Sato (MaceNews) – Japanese export values posted only modest growth in February amid slowing global demand but picked up from January, when lunar new year holidays distorted trade […]
<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 Q4 GDP Slight Rebound Revised Down to Zero Growth on Smaller-Than-Expected Consumption Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 GDP –Consumption Resilient on Eased Covid Rules, Travel Subsidies Despite Falling Real Wages –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports; Rising Costs Cause for Concern By Max Sato (MaceNews) […]
<strong>Preview: Japan Q4 GDP Slight Rebound Seen Unrevised, Led by Consumption, Net Export Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 Growth –Consumption Solid on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports By Max Sato (MaceNews) – The slight rebound […]
<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 January Exports Post Small Rise Amid Global Slowdown, China Lunar New Year Holidays; Trade Deficit Hits Record High</strong>
–Japan Posts 18th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to China Mark 2nd Straight Y/Y Drop Amid Renewed Covid Spike By Max Sato (MaceNews) – Growth in Japanese export values slowed to a single-digit percentage rise in January amid slowing global demand and suspended shipments during the Lunar New Year […]
<strong>Japan Q4 Modest GDP Growth Led by Net Export Rise after Service Import Surge Caused Q3 Contraction</strong>
–Q4 GDP Rise Smaller Than Expected as Private Inventories Drop Sharply –Consumption Up on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Capex Posts Pullback as Expected but Potential Demand for Investments Solid –Q1 GDP Seen Supported by Consumption Amid Slowing Global Demand By Max Sato (MaceNews) – Japan’s gross domestic product for […]
<strong>Preview: Japan Q4 GDP to Post Solid Rebound on Consumption, Net Exports After Surprise Q3 Contraction</strong>
–Consumption Resilient Thanks to Eased Covid Rules, Travel Support Program –External Demand to Lead Growth as Impact of Q3 Service Import Surge Wanes –Q4 Capex May be Down in Reaction to Strong Gains in Previous 2 Quarters –Q1 GDP Growth Seen Led by Consumption but Inflation, Slowing Global Demand Remain Headwinds By Max […]