Preview: BOJ September Tankan to Show Modest Improvement in Major Manufacturers’ Sentiment
–Supply Chain Recovery Supports Auto Industry but Silicon Demand Sluggish –Eased Covid Rules Helping Services Sector While High Costs Hurting Consumers –December Business Confidence Seen Flat to Slightly Lower –FY23 Capex Plans Among Large, Small Firms Expected to Be Revised Up Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]
Japan August Retail Sales Continue to Post Sharp Y/Y Rise on Heat Wave
Auto Demand, Recovering Department Stores on Influx of Foreign Visitors, –METI Keeps View: Retail Sales on Gradual Uptrend–High Prices of Food and Beverages Supporting Overall Retail Sales –Sales of Apparal, Appliances, Fuels Maintain Rebound Seen in July By Max Sato (MaceNews) – Japanese retail sales maintained high growth on the year in August as the […]
Japan Govt Keeps View on Moderate Economic Recovery Amid Elevated Costs for Daily Necessities
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall assessment, saying the economy is recovering moderately thanks to wage hikes, but noted that high costs for daily necessities are eroding purchasing power of households, particularly among lower income families, according to its monthly report released by the Cabinet Office. In its September report, […]
Japan August Core CPI Annual Rate Steady at 3.1% on Elevated Processed Food Prices; Energy Down Further on Utilities
–Processed Food Prices Still 9% Above Year-Earlier Levels, Hotels Up Sharply on Travel Demand –Total CPI Moderates to +3.2% Y/Y from +3.3% due to Smaller Fresh Food Price Rise –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Remains at 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation in Japan was largely steady in […]
Japan Aug Exports Post 2nd Straight Drop Despite Solid Automobile Demand in US, Europe; Volumes Continue to Shrink on Slower Global Growth
–Imports Mark 5th Straight Y/Y Fall on Easing Energy Prices –Exports to China Record 9th Straight Y/Y Drop due to Declines in Iron and Steel, Mineral Fuels; Semiconductors Rebound By Max Sato (MaceNews) – Japanese export values posted a smaller-than-expected drop in August after marking their first year-over-year decline in 29 months in July amid […]
Japan July Core Machine Orders Slip Back on Lower Demand for Computers from Many Industries
–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, posted a slight pullback on the month in July, as largely expected, after rebounding in June and slumping in May, amid sluggish demand for computers from many industries including electric […]
Japan August Producer Inflation Eases Further 3.2% Y/Y from July’s 3.4% on Utility Subsidies, Plunging Lumber Prices
–Producer Prices Post 2nd Straight M/M Rise on Higher Fuel Costs, Sustained Rebound in Non-Ferrous Metals –August’s 3.2% Y/Y Rise Stays Lowest Since 1.0% in March 2021 –December 2022’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the eighth straight month in August, staying at […]
Japan Q2 GDP Surge Revised Down on Weaker Capex, Consumption, Public Works but Still Highest Among G7
–Q2’s Growth Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Seen Slowing but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June quarter was revised down […]
Preview: Japan Q2 GDP Surge Seen Revised Down on Weaker Capex, Public Works Spending
–Q2 GDP Growth Still High, Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Expected to Slow but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June […]
Japan July Household Spending Posts 5th Straight Y/Y Drop as High Food Costs Bite, Unexpectedly Slumps M/M
–Spending on Autos Slips After Recent Pickup on Improved Supply Chains –Traveling, Eating Out Remain Strong in Absence of Covid Restrictions –Real Household Income Posts 10th Straight Y/Y Drop on Elevated Costs, Despite Rise in Nominal Wages By Max Sato (MaceNews) – Japan’s real household spending posted its fifth straight drop on the year in […]