Preview: BOJ December Tankan to Show Major Manufacturer Sentiment Up for 3rd Straight Quarter on Improved Supply Chains, Lower Import Costs

–Major Non-Manufacturer Confidence Seen Unchanged; Inbound Spending High but Labor Shortages Bite –Firms in Many Sectors Likely to Be Wary of Near-Term Outlook Amid Slowing Global Growth  –Large Firms Seen Revising Down Fiscal 2023 Capex Plans; Small Firms to Raise Theirs Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]

Japan October Household Spending Posts 8th Straight Y/Y Drop as Unusually Warm Weather Dents Heater Demand, Ceremony Costs Remain Low

–Eating Out Continues; Demand for Automobiles Solid on Improved Supply Chains, Easing Chip Shortages –Real Household Income Posts 13th Straight Y/Y Drop on Elevated Costs; Nominal Wage Growth Falling Behing Inflation By Max Sato (MaceNews) – Japan’s real household spending posted its eighth straight drop on the year in October, down a smaller-than-expected 2.5%, after […]

Preview: Japan Q3 GDP Contraction Seen Unrevised, Confirming Sluggish Domestic Demand  

–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Flat in Initial Data as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages   By Max Sato (MaceNews) – Japan’s first economic contraction in three quarters in the July-September quarter is […]

Japan October Jobless Rate Falls to 2.5% for 2nd Straight Monthly Drop as Job Cuts Dip, Number of People Starting to Look for Work Plunges

–Employment Up on Year for 15th Straight Month, Led by Hotels, Restaurants, Communications; Construction Sheds Jobs After Recent Gains –Number of Unemployed Drops on Year for 2nd Straight Month By Max Sato (MaceNews) – Japanese payrolls posted their 15th straight rise on year in October as hotels, restaurants and information communications firms hired more workers […]