<strong>Japan December Exports Continue Slowing Amid Lower Global Demand; Trade Deficit Hits Record in 2022 </strong>
–Japan Posts 17th Straight Month of Trade Deficit on Oil, Gas Import Costs–Exports to US Remain High After Hitting Record High in October –Exports to China Mark 1st Y/Y Drop in 7 Months Amid Renewed Covid Spike in China By Max Sato (MaceNews) – Growth in Japanese export values lost more steam in December on […]
US ISM Manufacturing Index Slips Further in December, Indicating Overall Economic Contraction
–ISM’s Fiore: December Decline Not So Steep; in Adjustment Phase –Fiore: Index Still in 48 to 52 Range but May Fall Below Floor –Fiore Repeats His Outlook: ‘Sluggish’ 1st Half 2023; ‘Pretty Strong’ 2nd Half –Fiore: Manufacturing Sector Does Not Rely Much on International Markets, Hit by Soft Domestic Demand By Max Sato (MaceNews) – […]
<strong>US ISM: 2023 Outlook Unclear as Firms See Revenue Growth Despite Higher Interest Rates</strong>
–ISM’s Fiore: Manufacturers See Stable Business Plans, Fed Policy Not Heavily Restrictive–ISM’S Fiore: US Manufacturers Expect Dollar to Firm in 2023; Stronger Dollar Net Negative for Exports–ISM’s Nieves: Both Manufacturing, Service Sectors See Continued Growth into 2023 By Max Sato (MaceNews) – Supply management executives at U.S. manufacturers and service providers continue to expect their […]
<strong>Japan November Export Rise Slows Amid Lower Global, Chinese Demand </strong>
–Japan Posts 16th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to US Remain High After Hitting Record High Amount in October –Pace of Exports to China Continues to Slow After Picking Up from Lockdown Impact By Max Sato (MaceNews) – Japanese export values posted a slower pace of growth on lower […]
<strong>Preview: BOJ December Tankan Manufacturers Sentiment Seen Down Further, Services Up on Tourism Promotion</strong>
–Govt’s New Travel Discount Program Supporting Consumer Spending –Businesses Seen Cautious About Climate in March Amid Global Slowdown –Smaller Firms Expected to Continue Revising Up Combined FY22 Capex Plans By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among major manufacturers in Japan drifted lower for […]
White House and Other Schedules for Tuesday, Dec 6
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, DECEMBER 6, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the […]
<strong>Preview: Japan Q3 GDP Drop Seen Revised Up Slightly on Firmer Capex</strong>
–Q3 Contraction Caused by Surge in Imports, Large Service Payments Overseas –Consumption Slower but Resilient Despite Covid Spike at Peak of Summer –Capex Demand for FY22 Solid Amid Digital, Green Transformations –Q4 GDP May Rebound on Fiscal Support but Global Uncertainties Remain By Max Sato (MaceNews) – Japan’s gradual economic recovery led by resilient consumption […]
<strong>White House and Other Schedules for Wednesday, Nov 30</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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, NOVEMBER 30, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
<strong>Japan October Industrial Output Slumps Amid Slowing Global Demand, in Reaction to Earlier Gains</strong>
–METI Survey: Output Likely to Dip in November, Rise in December –METI Downgrades View: Output Picking Up Gradually but Shows Weakness in Some Areas –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the second straight monthly drop in October, hit […]
<strong>Japan October Export, Import Values Hit Fresh Record Highs Amid Easing Supply Constraints, High Energy Costs </strong>
–Japan Posts 15th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to US Hit Another Record High on Autos, Construction Machines –Imports from US, EU at Record Highs on Drugs, Energy, Non-Ferrous Metals–Imports from Asia, China Also New Highs on Smartphones, Clothing By Max Sato (MaceNews) – Japanese export values hit another […]