Japan January Retail Sales Year-on-Year Growth Slows as Autos, Clothing Dip in Playback for Recent Gains
–METI Keeps View After Last Month’s Downgrade: Retail Sales Taking One Step Forward, One Step Back By Max Sato (MaceNews) – Japanese retail sales in January moderated slightly to a 2.3% gain on the year after increases of 2.4% in December and 5.4% in November, as sales of vehicles and clothing lost more steam after […]
Japan January Industrial Production Index Sinks to Over 3-Year Low, Hit by Toyota Group Daihatsu Motor Suspension Over Crash Test Scandal
–METI Survey: Factory Output Likely to Rise Moderately in February, Gain Further in March–METI Downgrades View: Output Has Weakened While Taking One Step Forward, One Step Back–METI To Keep Watching Effects of Global Growth, Auto Output Suspension By Max Sato (MaceNews) – Japan’s industrial production plunged 7.5% on the month in January, hit by suspended […]
Japan January Core CPI Annual Rate Decelerates to 22-Month Low of 2.0% on Further Drop in Subsidized Energy Prices, Slower Food Markups, Smaller Hotel Fee Rise
–Total CPI Y/Y Rise Also Slows to 22-Month Low of 2.2% But Above Consensus–Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 11-Month Low of 3.5%–Resumed Web Scraping Data Collection Causes Spike in Overseas Package Tour Prices, Leading to Slower-Than-Expected CPI Easing–Services Costs Up 3.2% Y/Y Amid Wage Hikes Vs. Goods Prices +1.9% By Max […]
White House and Other Schedules for Monday, Feb 26
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, FEBRUARY 26, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan Govt Downgrades Its View on Economic Recovery as Consumption, Production Turn Weaker
–Japan’s Economy still Faces Downside Risks from Chinese Slowdown, High Prices, January’s Earthquake By Max Sato (MaceNews) – Japan’s government on Wednesday downgraded its overall assessment for the first time in three months, saying while the economy is recovering moderately, consumption has turned weaker amid elevated costs and production has been hit by suspended vehicle […]
Japan January Exports Up on Continued Solid Demand for Autos, Chip-Making Machines but Trade Balance Slips Back into Deficit
–Imports Mark 10th Straight Y/Y Fall on Lower Energy Prices, Slower Demand for Smartphones–Exports to China Post 2nd Straight Rise after A Year-Long Slump; Partly Due to Base Year Effects–Exports to US Remain Robust; Those to EU Also Up Despite Region’s Sluggish Economic Growth By Max Sato (MaceNews) – Japanese export values rose 11.9% on […]
White House and Other Schedules for Tuesday, Feb 20
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: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, FEBRUARY 20, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the […]
Japan December Core Machine Orders Rebound on Higher Demand from Manufacturers; Computer Orders Remain Mixed
–Core Orders Dip in Q4 as Largely Expected, Seen Up in Q1 for 1st Rise in 4 Quarters–Core Orders Mark 10th Straight Y/Y Drop Despite Solid 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, rebounded 2.7% in […]
Japan Q4 GDP Unexpectedly Slips for 2nd Straight Contraction, Hit by Weaker Consumption, Business Investment, Public Works Spending
–Q4 GDP Annualized 0.4% Drop Below Median Forecast of 1.6% Growth–Consumption, Capex Both Post 3rd Straight Drop as Real Wages Keep Falling–In 2023, Japan’s Nominal GDP in Dollar Terms Falls Behind Germany’s Amid Weak Yen By Max Sato (MaceNews) – Japan’s gross domestic product for the October-December quarter unexpectedly posted a slight contraction of 0.1% […]
White House and Other Schedules for Wednesday, Feb 14
WASHINGTON (MaceNews) – The following are Wednesday’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 WEDNESDAY, FEBRUARY 14, 2024 In the afternoon, the President and the Secretary of State will have lunch. This meeting in the President’s […]