Japan April Core CPI Up 3.4% Y/Y After Slowing to 3.1% Rise on Continued Markups in Process Food, Rebound in Hotel Fees
–Energy Subsidies, Softer Commodities Somewhat Easing Consumer Inflation –Total CPI +3.5% Y/Y V. +3.2% Y/Y in March, 41-Year High of +4.3% in January –Core-Core CPI (Ex-Fresh Food, Energy) Hits Fresh 41-Year High of +4.1% Y/Y, Largest Gain Since +4.2% in September 1981 By Max Sato (MaceNews) – Consumer inflation in Japan picked up to around […]
Japan April Exports Slower, Imports Drop; Trade Deficit Narrows Further from Record High in January
–Japan Posts 21st Straight Monthly Trade Deficit but Smallest Since February 2015–Exports to China Mark 5th Straight Y/Y Drop but at Slower Pace; Economy Recovering from Beijing’s Zero-Covid Policy Impact By Max Sato (MaceNews) – The year-over-year increase in Japanese export values slowed further in April amid softer global demand despite solid shipments of automobiles […]
Japan Q1 Solid GDP Rebound Led by Consumption, Capex, Public Works; Net Exports Drop Amid Slow Global Demand
–Q1 GDP Growth Stronger Than Forecast as Capex Shows Unexpected Rebound –Consumption Rise Higher Than Expected, Backed by Eased Covid Rules, Travel Subsidies –Q2 GDP Seen Supported by Pent-Up Consumer Demand for Services –Fiscal 2022 GDP +1.2%, Below Official Forecast of +1.7% By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter […]
Japan April Producer Inflation Eases Further to 5.8% from March’s 7.4% on Energy Subsidies, Weaker Lumber, Non-Ferrous Metals
–April’s 5.8% Lowest Y/Y Rise Since 5.7% in August 2021 –December’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the fourth straight month in April as the government’s expanded utilities subsidies continued to cap energy costs and slowing global demand has cooled off many commodities […]
Preview: Japan Q1 GDP Seen Posting Slight Rebound on Modest Consumption, Sluggish Exports after No Growth in Q4
–Consumption Backed by Government Tourism Support Program –Business Investment Seen Posting 2nd Straight Quarterly Drop as Firms Become Cautious–Net Exports Forecast to Show Decline Amid Slowing Global Demand –Q2 GDP Growth Seen Led by Consumption but Exports Weak By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter is forecast by […]
Japan March Household Spending Slumps on Continued Shift to Lower Mobile Phone Plans; Traveling, Eating Out Remain Solid
–Spending on Hotels, Packaged Tours Continues Rising on Tourism Support Program –Real Household Income Posts 6th Straight Y/Y Drop on High Food Costs but Energy Subsidies Capping Utility Charges By Max Sato (MaceNews) – Japan’s real household spending came in much weaker than expected in March, posting drops both on the year and month, as […]
BOJ Under Governor Ueda Keeps Easing Stance to Pursue Stable 2% Inflation but Also Decides to Review Prolonged Easing
–No Longer Expects Short-, Long-Term Rates to Go Lower Than Now –Ueda Has Told Diet, Reporters: ‘Appropriate’ to Continue Current Policy Framework; Underlying Inflation Has Not Reached 2% By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board decided unanimously to maintain its monetary easing stance, keeping its zero to slightly […]
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 […]