Japan September Core Machine Orders Post 1st Rise in 3 Months on Service Sector Demand for Computers
–Core Orders Slip Q/Q in July-September but Smaller Than Officially Forecast –October-December Orders Projected to Show Slight Rebound –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 an above-forecast 1.4% on the month in September after a slight […]
Japan Q3 GDP Posts 1st Contraction in 3 Quarters on Pullback in Net Exports, Sharp Drop in Private Inventories, Weaker Public Works, Capex
–Q3 GDP -2.1% Annualized Drop Much Weaker Than -0.6% Median Forecast –Consumption Flat as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter posted its first contraction in three quarters, down 0.5% […]
Japan October Producer Inflation Eases Further to 0.8% from September’s 2.2% on Utility Subsidies, Slowing Global Demand
–October’s 0.8% Y/Y Rise Lowest Since 0.9% Drop in February 2021 –Producer Prices Unexpectedly Dip 0.4% M/M for 2nd Straight Dop on Lower Cost for Fuels, Meat, Chemicals By Max Sato (MaceNews) – Producer inflation in Japan eased for the 10th straight month in October, slowing to a weaker-than-expected 0.8% rise on the year, as […]
Japan September Household Spending Posts 7th Straight Y/Y Drop as Lingering Heat Wave Dents Demand for Autumn Goods, High Costs Hurt
–Q3 Core Spending Down 0.8% Q/Q for 3rd Straight Fall, Indicating Sluggish Consumption in Q3 GDP –Move to Discount Mobile Phone Plans Continues, Pushing Down Spending–Eating Out, Travel Solid; Demand for Automobiles Up on Improved Supply Chains –Real Household Income Posts 12th Straight Y/Y Drop on Elevated Costs Despite Nominal Wage Hikes By Max Sato […]
Updated: Preview: Japan Q3 GDP Seen Posting 1st Contraction in a Year on Pullback in Net Exports, Public Works; Consumption, Capex Likely Rebound but Sluggish
–Updates Household Spending and BOJ Consumption Activity Index Information in 9th and 10th Paragraphs –Pent-Up Demand for Eating Out, Travel Appears to Wane –Q4 GDP Seen Up but Faces Slowing Global Growth By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists to post its first contraction in […]
Japan September Retail Sales Y/Y Rise Decelerates; Lingering Heat Wave Spoils Appetite for Autumn Clothing
–METI Keeps View: Retail Sales on Gradual Uptrend–High Prices for Food, Beverages and Fuels Supporting Overall Retail Sales –Department Store Sales Supported by Influx of Foreign Visitors By Max Sato (MaceNews) – Japanese retail sales posted a solid 5.8% rise on the year in September thanks to solid demand for automobiles, as largely expected, but […]
Japan September Industrial Production’s Slight Rebound Led by Auto Industry After Temporary Shutdown at Toyota Factories in August
–METI Survey: Output Likely to Rise in October, Slip Back in November –Core Capital Goods Shipments Dip in July-September, Indicating Weak Capex in Q3 GDP Data –METI Keeps View: Output Taking One Step Forward, One Step Back –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production […]
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, […]