Japan January Exports Up on Continued Solid Demand for Autos, Chip-Making Machines but Trade Balance Slips Back into Deficit
–Imports Mark 10th Straight Y/Y Fall on Lower Energy Prices, Slower Demand for Smartphones–Exports to China Post 2nd Straight Rise after A Year-Long Slump; Partly Due to Base Year Effects–Exports to US Remain Robust; Those to EU Also Up Despite Region’s Sluggish Economic Growth By Max Sato (MaceNews) – Japanese export values rose 11.9% on […]
Japan December Core Machine Orders Rebound on Higher Demand from Manufacturers; Computer Orders Remain Mixed
–Core Orders Dip in Q4 as Largely Expected, Seen Up in Q1 for 1st Rise in 4 Quarters–Core Orders Mark 10th Straight Y/Y Drop Despite Solid Capex Plans–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, rebounded 2.7% in […]
Japan November Core Machine Orders Slump for 1st Drop in 3 Months on Lower Demand from Manufacturers; Computer Orders Mixed
–Core Orders Mark 9th Straight Y/Y Drop Despite Solid FY23 Capex Plans –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, came in much weaker than expected in November, down 4.9% for the first drop in three months after […]
ISM: US Services Sector Expands for 12th Month in December but Growth Slows on Seasonal Drop in Hiring, Economic Uncertainty, Geopolitical Risks
–ISM Services Index Falls to 7-Month Low of 50.6 from 52.7 in November –ISM’s Nieves: Employment Picture Hasn’t Changed Much –Nieves: Services Sector Expected to Be on Growth Path in 2024 By Max Sato (MaceNews) – Business activity in the U.S. services sector managed to expand for the 12th straight month in December but the […]
Japan November Exports Post 1st Y/Y Dip in 3 Months on Softer Demand for Iron/Steel, Chip-Making Equipment but Autos Remain Up
–Imports Mark 8th Straight Y/Y Fall on Easing Energy Import Costs –Exports to China Down for 12th Straight Month on Semiconductors; Pace of Decline Slows –Exports to US Post 26th Straight Y/Y Rise; Those to EU Dip For 1st Time in 33 Months By Max Sato (MaceNews) – Japanese export values came in weaker than […]
BOJ December Quarter Tankan: Major Manufacturers’ Sentiment Posts 3rd Straight Rise on Improved Supply Chains but Outlook Cautious on High Costs, Labor Shortages
–Major Non-Manufacturers’ Confidence Up for 7th Straight Quarter –Many Sectors Expect Pullback in March in Payback for Recent Improvement –Large Firms’ Combined Fiscal 2023 Capex Plans Revised Down Only Slightly; Small Firms Raise Theirs Further By Max Sato (MaceNews) – Confidence among manufacturers and non-manufacturers in Japan all picked up more than expected in December […]
Japan October Exports Post 2nd Straight Y/Y Rise on Solid Demand for Autos but Trade Balance Slips Back into Deficit amid Slower Global Growth
–Export Volumes Down After 1st Y/Y Gain in 12 Months in September –Imports Mark 7th Straight Y/Y Fall on Easing Energy Prices –Exports to China Show 11th Straight Y/Y Drop on Chips, Iron/Steel By Max Sato (MaceNews) – Japanese export values posted their second straight year-over-year increase in October, rising a stronger-than-expected 1.6% to the […]
Japan September Exports Post 1st Y/Y Rise in 3 Months to Record High on Solid Demand for Autos, Leading to 1st Trade Surplus in 3 Months
–Export Volumes Also Mark 1st Y/Y Gain in 12 Months –Imports Mark 6th Straight Y/Y Fall on Easing Energy Prices –Exports to China See 10th Straight Y/Y Drop on Declines in Semiconductors, Foodstuff By Max Sato (MaceNews) – Japanese export values posted their first year-over-year rise in three months to a record high in September, […]
White House and Other Schedules for Thursday, Oct 5
WASHINGTON (MaceNews) – The following are Thursday’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 SCHEDULEFOR THURSDAY, OCTOBER 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
BOJ September Quarter Tankan: Major Manufacturers’ Sentiment Rises More Than Expected on Higher Energy Prices, Heat Wave, Improved Supply Chains
–Lumber Producers, Auto Industry, Food and Beverage Firms Expect Pullback in December –Hotels, Restaurants Cautious About Near-Term Outlook After Recent Gains –Large Firms Revise Up Their Combined Capex Plans Slightly for Fiscal 2023; Small Firms Push Theirs Sharply Higher By Max Sato (MaceNews) – Confidence among major manufacturers in Japan picked up at a faster-than-expected […]