Japan July Producer Inflation Eases Further to Fresh 2-Year Low of 3.6% from June’s 4.3% on Energy Subsidies, Plunging Lumber Prices
–Producer Prices Post 1st M/M Rise in 3 Months on Rebound in Fuels, Non-Ferrous Metals –July’s 3.6% Y/Y Rise Lowest Since 1.0% in March 2021 –Corporate Goods Price Index’s 10.6% Surge in December 2022 Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the seventh straight month in July, […]
Preview: Japan Q2 GDP Growth Seen Accelerating to Above 3% Annualized Rate on Net Export Rebound
–Consumption Forecast to Be Nearly Flat Amid High Costs After Recent Gains –Business Investment Seen Up for 2nd Straight Quarter but at Slower Pace –Q3 GDP Expected to Be Led by Spending on Services, Exports Uncertain Amid Slowing Global Demand By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter is forecast […]
Japan June Household Spending Posts 4th Straight Y/Y Drop but Rebounds M/M Amid Recovering Auto Sales
–Drop Also Due to Continued Shift to Lower-Cost Mobile Phone Plans; Traveling, Eating Out Remain Strong –Real Household Income Posts 9th Straight Y/Y Drop on Elevated Costs By Max Sato (MaceNews) – Japan’s real household spending posted its fourth straight decline on the year in June as mobile phone users continued seeking discount plans and […]
BOJ July Meeting Summary: Sustained Wage Hikes, Flexible Use of Yield Curve Control Framework Key to Achieving 2% Inflation Target
–Ensuring Small Firms’ Health Also Important in Sustained Growth, Price Stability By Max Sato (MaceNews) – Bank of Japan board members stressed that substantial wage hikes must continue beyond his fiscal year and the bank’s yield curve control framework needs to become more flexible to achieve stable 2% inflation, according to the summary of […]
Japan June Jobless Rate 2.5%, Improving from May’s 2.6% as Fewer People Start Looking for Work; Solid Job Creation Continues
–No Change in Job Losses, Retirements or Number of Those Quit for Other Openings –Jobs Up Y/Y for 11th Straight Month, Led by Hotels, Restaurants, Factories, Construction, Sharp Rebound in Medical Services –Number of Unemployed Down Y/Y for 2nd Straight Month By Max Sato (MaceNews) – Japanese payrolls posted their 11th straight month of year-over-year […]
Japan June Retail Sales Y/Y Rise Continue to Be Led by Autos amid Improved Supply Chains, Recovering Department Stores
–METI Keeps View: Retail Sales on Gradual Uptrend –Demand for Cosmetics, Drugs Remains Solid; Sales of Appliances Stay Sluggish By Max Sato (MaceNews) – Japanese retail sales posted their 16th straight year-over-year increase in June, thanks to strong demand for automobiles amid improving supply chains, recovering department stores and higher prices for food and beverages, […]
Japan June Industrial Production Rebounds, Paced by Auto Sector amid Solid Sales in Domestic, Overseas Markets
–Output Up 1.3% Q/Q in April-June after 1.8% Drop in January-March –METI Survey: Output Likely to Slip Back in July, Post Modest Rise in August –METI Keeps View: Output Showing Gradual Pickup –METI Repeats: To Watch Effects of Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded on the month in June […]
Japan July Tokyo Core CPI Annual Rate Eases to +3.0% from June’s +3.2% as Utility Costs Fall at Faster Pace, Mobile Phone Price Gains Shrink in Base-Year Effect
–Processed Food Markups Continue to Lead Consumer Inflation, Pushing Up CPI Annual Rate by Close to 2 Percentage Points –Total CPI Annual Rate Steady at 3.2% after Hitting 41-Year High of 4.4% in January –Narrow CPI (Ex-Fresh Food, Energy) Annual Rate Rises to Fresh 41-Year High of 4.0% from 3.8% By Max Sato (MaceNews) – […]
Japan Govt Keeps View on Moderate Economic Recovery Backed by Consumer Spending, Business Investment Amid Higher Wage Growth
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its overall assessment, saying the economy is recovering moderately as substantial wage hikes and Covid-era excess savings are supporting consumer spending while improving supply chains are shoring up business confidence and investment, according to its monthly report released by the Cabinet Office. Japanese policymakers expect robust […]
Japan June Exports Post Modest Gain on Autos, Construction Machines but Volumes Continue to Drop on Slow Global Demand for Chips, Steel
–Imports Mark 3rd Straight Y/Y Fall on Easing Energy Prices –Japan Posts 1st Trade Surplus in 23 Months on Sharp Import Drop–Exports to China Record 7th Straight Y/Y Drop on Iron and Steel, Semiconductors By Max Sato (MaceNews) – Japanese export values posted a modest rise on the year in June as recovering supply chains […]