Japan June Core Machine Orders Post 1st M/M Rise in 3 Months as Computer Demand from Various Industries Remains Solid
–Q2 Core Orders -0.2% Q/Q, Easily Beating -1.6% Official Forecast as Largely Expected–Q3 Core Orders Seen Up Modest 0.2% Q/Q, Indicating Uncertainty over Global Growth; June Core Orders Mark 1st Y/Y Drop in 4 Months–Cabinet Office Keeps View After Last Month’s Downgrade: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery […]
Japan Q2 GDP Rebounds on Resumed Auto Output, Wage Hikes; Heat Wave Also Boosts Consumer Demand for Air Conditioners, Summer Goods
–Q2 GDP +0.8% Q/Q, +3.1% Annualized, Above Median Forecasts of +0.6%, +2.3%–Domestic Demand Pushes Up GDP by 0.9 Point, Net Exports Trim Growth by 0.1 Point By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a […]
Preview: Japan Q2 GDP to Post Modest Rebound After Slumping in Q1 but Consumption Remains Sluggish amid High Costs
By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter is forecast to post a modest rebound after suffering its first contraction in two quarters in January-March, up 0.6% on quarter, or an annualized 2.3%, as consumption and business investment picked up from the drag of suspended output at Toyota group factories […]
Japan June Producer Prices Up 3.0% Y/Y As Expected After 2.9% Rise in June; Utility Subsidies End, Global Demand for Lumber, Steel Picks Up Amid Rising Concerns Over Chinese Recovery
–Import Costs High as Yen Stayed Weak Before Firming on Stealth MOF Intervention at End-July, Fears of Faster BOJ Rate Hikes—Producer Inflation Remains Below Recent Peak of 10.6% in December 2022–Producer Prices Up 0.3% M/M on Utilities, Farm Produce, Summer Beverages, Cars By Max Sato (MaceNews) – Producer inflation in Japan continued accelerating to 3.0% […]
Bank of Japan Board Members See Upside Risks to Inflation Outlook at July Meeting; Some Note Low Real Rates, Others Warn of Weak Consumption
–One Member Estimates Minimum 1% Neutral Rate, Calls for Gradual Pace of Rate Hikes By Max Sato (MaceNews) – Bank of Japan board members called for a close watch on upside risks to their inflation outlook amid labor shortages and higher import costs, with a majority seeking to justify a follow-up interest rate by pointing […]
Japan June Overall Household Spending Dips Y/Y on Volatile Factors but Core Reading Records 1st Rise in 16 Months as Heat Wave Boosts Demand for Air Conditioners
–Consumers Remain Frugal, Switching to Discount Mobile Phone Plans–High Wage Hikes amid Labor Shortages Lead to 2nd Straight Rise in Average Household Income–Base Wages Mark Highest Growth in Nearly 3 Decades; Real Wages Up for 1st Time in 27 Months By Max Sato (MaceNews) – Japan’s real household spending posted its second straight year-over-year drop […]
Bank of Japan Hikes Overnight Rate Target to 0.25% from Range of 0% to 0.1% in 7 to 2 Vote
–BOJ Releases Specific Plans to Trim its Monthly JGB Purchases to Y3 Trillion from Y6 Trillion by end of Q1 2026–BOJ Governor Ueda: Raised Rates Because Economy, Prices Have Been on Track–Ueda: Weak Yen Impact on Prices ‘Not Necessarily Biggest Reason’ for Rate Hike By Max Sato (MaceNews) – The Bank of Japan said Wednesday […]
Japan June Retail Sales Up 3.7% Y/Y Rise Vs. 2.8% in May as Delayed Rainy Season Boosts Demand for Summer Clothing, Air Conditioners
–METI Upgrades View for 2nd Straight Month: Retail Sales on Uptrend Vs. Gradual Uptrend By Max Sato (MaceNews) – Japanese retail sales rose 3.7% on year in June, above the consensus call of a 3.0% rise, with the pace of increase accelerating from a downwardly revised 2.8% gain in May, thanks to a delayed rainy […]
Japan June Industrial Production Dip 3.6% on Month, Hit by Renewed Auto Vehicle Output Suspension over Safety Scandal, Giving Up May’s 3.6% Rebound
–METI Survey: Factory Output Likely to Rise 4.0% in July, 0.7% in August— Japan Q2 Core Capital Goods Shipments +0.5% Q/Q Vs. -2.0% in Q1, Indicating Capex Rebound in Q2 GDP–Japan Q2 GDP Forecast to Post Modest 2% Annualized Growth After 2.9% Slump in Q1–METI Keeps View: Output Has Weakened While Taking One Step Forward, […]
Japan June Jobless Rate Edges Down to 2.5%, 1st Drop in 5 Months as Number of New Job Seekers Slumps
–Employment Marks 23rd Straight Y/Y Rise, Led by Surge in Wholesale/Retail; Manufacturing Jobs Post 4th Drop in a Row–Number of Unemployed Up Y/Y for 3rd Straight Month By Max Sato (MaceNews) – Japanese payrolls posted the 23rd straight rise on year in June, led by a surge in the wholesale and retail industry which offset […]