Japan’s Economy Shows Some Resilience in March Data Amid Slowing Global Growth; Inflation Hurts Purchasing Power
–Industrial Output Posts 2nd Straight Rise on Month, Prompting METI to Upgrade its View –Retail Sales Up on Recovery at Department Stores, Demand for Autos –Payroll Growth Continues but Unemployment Rate Rises Unexpectedly –April Tokyo CPI, Leading Indicator of National Data, Accelerates at Fast Pace By Max Sato (MaceNews) – Japan’s manufacturing sector is weathering […]
Japan’s Government Continues to See Gradual Economic Pickup, Upgrades View on China for 2nd Straight Month
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall economic assessment that the gradual pickup will continue as widely eased Covid public health rules are seen propping up domestic consumer spending amid slowing global demand, according to its monthly report released by the Cabinet Office. The Japanese economy is showing resilience, thanks to […]
Japan March Core CPI Capped at +3.1% Y/Y by Energy Subsidies After February’s 3.1%, January’s 41-Year High of 4.2%
–Total CPI +3.2% Y/Y Vs. +3.3% in February, 41-Year High of +4.3% in January –Core-Core CPI (Ex-Fresh Food, Energy) Hits 42-Year High of +3.8% Y/Y, Largest Gain Since +3.9% in December 1981–Fiscal 2022 Core CPI +3.0% Vs. +0.1% in Fiscal 2021, as Projected by BOJ Board By Max Sato (MaceNews) – Consumer inflation in Japan […]
Japan March Exports, Imports Slower; Trade Deficit Narrows Further from Record High in January
–Japan Posts 20th Straight Month of Trade Deficit on High Energy Import Costs–Exports to China Mark 4th Straight Y/Y Drop Amid Reopening Since Zero-Covid Policy Lifted in December –Fiscal 2022 Trade Deficit Record High Due to Spike in Energy Prices, Weak Yen By Max Sato (MaceNews) – Japanese export values rose on the year at […]
BOJ’s New Governor Ueda Sees No Need to Change Yield Curve Control Policy Framework or Accord with Government
By Max Sato (MaceNews) – Bank of Japan Governor Kazuo Ueda said it is “appropriate” to continue seeking stable and sustainable 2% inflation under the bank’s yield curve control policy framework, indicating that there will be no major change to the current monetary easing stance at the April 27-28 meeting. He told an inaugural news […]
Japan February Household Spending Posts Modest Y/Y Rebound on Eating Out, Travel After Public Health Rules Eased
–Govt Official: Household Spending Recovering Despite M/M Drop; Still Below Pre-Pandemic Level –Spending on Hotels, Package Tours Continues Rising on Tourism Support Program –February’s Y/Y Rise Led Also by Higher Electric Heating Use during Freezing Weather in Late January–Real Household Income Posts 5th Straight Y/Y Drop on High Costs for Food and Despite Energy Subsidies […]
BOJ March Quarter Tankan: Manufacturers’ Sentiment Dips on Global Slowdown, Services Propped Up by Travel, Eating Out
–Carmakers, Paper/Pulp Makers See Rebound in June Sentiment; Steel Mills, Machine Makers Expect Decline –Wholesalers, Construction Firms See Lower June Sentiment; Hotels, Restaurants, Telecommunications Upbeat –Large Firms’ Capex Plans Show Solid Start to Fiscal 2023, Small Firms Unusually Bullish in Initial Plans By Max Sato (MaceNews) – Confidence among major manufacturers in Japan drifted lower […]
Preview: BOJ March Tankan Manufacturers Sentiment Down Further, Services Supported by Travel Discounts
–Manufacturers Seen Cautious Amid Global Slowdown, Elevated Costs –Govt Tourism Program, Eased Covid Rules Continue Propping Up Services –Business Confidence for June Seen Mixed with Slight Changes from March –Large Firms’ Capex Plans Expected to Show Solid Start to Fiscal 2023 –Small Firms Tend to Have Conservative Plans at Start of Fiscal Year By […]
Japan’s Economy Shows Resilience in February Data Amid Slowing Global Demand, Bank Failure Risks in US, Europe
–Industrial Output Rebounds Strongly on Eased Parts Supply Constraints –Retail Sales Up Sharply in Reaction to Slump a Year Ago, Waning Covid Drag –Unemployment Ticks Up as More People Quit for Better Spots, Begin Job Search By Max Sato (MaceNews) – The Japanese economy is showing resilience amid easing supply bottlenecks and waning effects of […]
<strong>Japan February Core CPI Annual Rate Slows to 3.1% from January’s 41-Year High of 4.2% as Government Expands Subsidies for Utilities </strong>
–Total CPI Slows to +3.3% Y/Y from 41-Year High of +4.3% in January, Also as Expected –Core-Core CPI (Ex-Fresh Food, Energy) Hits 41-Year High of +3.5% Y/Y, Largest Gain Since +3.5% in January 1982 By Max Sato (MaceNews) – Consumer inflation in Japan slowed significantly to just above 3% in February in two key measures […]