Japan December Retail Sales Turn Weaker as Pent-up Demand Wanes, Upward Price Pressures on Food, Fuels Ease
–METI Downgrades View: Retail Sales Taking One Step Forward, One Step Back Vs. on Uptrend–Department Store Sales Up but at Slower Pace after Already Recovering from Pandemic Slump By Max Sato (MaceNews) – Japanese retail sales turned weaker in December, rising just 2.1% on the year, below the consensus forecast of a 5.3% rise and […]
Japan December Industrial Production Rebounds on General Machinery; Daihatsu Halt amid Crash Test Scandal Seen Hurting January Vehicle Output
–METI Survey: Factory Output Likely to Plunge in January, Rise Moderately in February–METI Keeps View: Output Taking One Step Forward, One Step Back–METI To Watch Effects of Global Growth, Auto Output Suspension, Drops Risk from High Costs Amid Easing Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded by a solid but lower-than-expected 1.8% […]
White House and Other Schedules for Tuesday, Jan 30
WASHINGTON (MaceNews) – The following are Tuesday’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: GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, JANUARY 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan December Jobless Rate Edges Down to 11-Month Low of 2.4% from 2.5% in November on Sharp Drop in Job Losses, Retirements
–December Also See Fewer Quits for Other Openings, Fewer New Job Seekers–Employment Up on Year for 17th Straight Month, Led by Factories, Hotels and Restaurants–Number of Unemployed Falls to Pre-Pandemic Level By Max Sato (MaceNews) – Japanese payrolls posted a 17th straight rise on year amid widespread labor shortages at factories, hotels, restaurants and communications […]
Japan January Tokyo Core CPI Annual Rate Eases Sharply on Further Energy Price Drop, Slower Food Markups, Hotel Fee Rise
–Total CPI, Core (Ex-Fresh Food), Both +1.6% Y/Y, Slowest in 22 Months–Core-Core CPI (Ex-Fresh Food, Energy) Moderates to 11-Month Low of +3.1% By Max Sato (MaceNews) – Consumer inflation in Tokyo, the leading indicator of the national average, eased at a much faster pace than expected in January in all three key measures as food […]
Japan Govt Keeps View on Moderate Economic Recovery with Pause in Export Pickup; Watch Effects of Earthquake
By Max Sato (MaceNews) – Japan’s government on Thursday maintained its overall assessment for the second month in a row, saying the economy is recovering moderately with some soft spots, but warned that the powerful New Year’s Day earthquake in the northwestern region of Hokuriku has reduced electronic parts supply and battered tourism, according to […]
Japan December Exports Rebound to Record High on Continued Strong Demand for Autos, Trade Balance Turns Positive
–Imports Mark 9th Straight Y/Y Fall on Lower Energy Prices –Exports to China Post 1st Rise in 13 Months, Climb to 2nd Highest on Record –Exports to US Hit Record High; Those to EU Rebound after 1st Drop in 33 Months in November–Japan 2023 Exports Also Reach Record High, Trade Deficit Cut in Half By […]
White House and Other Schedules for Monday, Jan 22
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 SCHEDULE FOR MONDAY, JANUARY 22, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan December Core CPI Annual Rate Decelerates to 18-Month Low of 2.3% from November’s 2.5% on Utility Subsidies, Slower Processed Food Markups
–Total CPI Y/Y Rise Slows to 17-Month Low of 2.6% from 2.8% –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases Further to 10-Month Low of 3.7% from 3.8% –Services Costs Up 3.3% Y/Y Due to Wage Hikes Vs. Goods Prices Up 2.3% By Max Sato (MaceNews) – Consumer inflation in Japan continued easing in December […]
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 […]