Japan September Jobless Rate Eases to 2.6% from August’s 2.7% as Job Cuts Fall, Fewer People Quit to Look for Better Positions
–Employment Up Y/Y for 14th Straight Month, Led by Hotels, Restaurants, Construction; Manufacturing Jobs Slump –Number of Unemployed Drop After 2 Months of Increase By Max Sato (MaceNews) – Japanese payrolls posted their 14th straight rise on year in September as massive hiring by hotels, restaurants and builders continued mitigating a sharp decline in manufacturing […]
Japan Govt Sees Moderate Economic Recovery but Warns of High Inflation, Labor Shortages and Middle East War
By Max Sato (MaceNews) – Japan’s government Monday maintained its overall assessment, saying the economy is recovering moderately, but warned that consumer inflation is high, labor shortages are broad-based and the war in the Middle East is adding to downside risks to domestic recovery led by wage and income growth, according to its monthly report […]
White House and Other Schedules for Monday, Oct 30
WASHINGTON (MaceNews) – The following are Monday’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 MONDAY, OCTOBER 30, 2023 In the morning, the President and the First Lady will return to the White House from Wilmington, […]
Japan October Tokyo Core CPI Annual Rate Picks Up as Reduced Utility Subsidies Ease Overall Energy Price Drop; Hotel Demand Strong
–Core CPI (Ex-Fresh Food) Up 2.7% Y/Y After Slowing to 2.5% in September –Processed Food Still Leads CPI Y/Y Rise but Markups Appear to Have Peaked –Total CPI Annual Rate Jumps to 6-Month High of 3.3% from 2.8% in September on Fresh Food Price Surge –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 3.8% […]
White House and Other Schedules for Thursday, Oct 26
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 26, 2023 In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
Japan September Core CPI Annual Rate Eases to 13-Month Low of 2.8% on Peaking Food Markups, Utility Subsidies
–Total CPI Moderates to 12-Month Low of 3.0% Rise; Durable Goods Price Gain Slows Further –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 4.2% from 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation in Japan eased in all three key measures in September as energy subsidies continued to push down electricity […]
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, […]
Japan September Producer Inflation Eases Further to 2.0% from August’s 3.3% on Energy Subsidies, Plunging Lumber Prices
–September’s 2.0% Y/Y Rise Stays Lowest Since +1.0% in March 2021 –Producer Prices Post 1st M/M Drop in 3 months as Fuels Costs Slip After Recent Rebound By Max Sato (MaceNews) – Producer inflation in Japan eased for the ninth straight month in September, staying at an over two-year low, as the government’s utility subsidies […]
Japan August Core Machine Orders Edge Down for 2nd Straight M/M Drop as Overall Demand for Computers Takes a Breather After Recent Gains
–Demand for Computers and Communications Equipment Rises Among Some 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, came in weaker than expected with a slight but second straight drop on the month in August as demand for […]
Japan August Household Spending Posts 6th Straight Y/Y Drop as Frugal Patterns Linger Amid High Costs, But Up M/M After Pullback
–Spending on Ceremonies Down; Move to Discount Mobile Phone Plans Continues–Traveling, Eating Out Remain Strong in Absence of Covid Restrictions –Real Household Income Posts 11th Straight Y/Y Drop on Elevated Costs Despite Nominal Wage Hikes By Max Sato (MaceNews) – Japan’s real household spending posted its sixth straight drop on the year in August as […]