Japan February Tokyo Core CPI Y/Y Rise Slows to 3.3% from 4.3% on Subsidies Aimed at Capping Utility Charges
–Total CPI Annual Rate Also Slows to 3.4%% after Hitting Over 41-Year High of 4.4% in January–Narrow CPI (Ex-Fresh Food, Energy) Annual Rate Rises to 3.2%, More Than 31-Year High By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, posted year-on-year gains of above 3% in February in […]
<strong>Japan January Jobless Rate Edges Down to 2.4% Vs December’s 2.5%; Y/Y Job Creation Continues at Higher Pace </strong>
-Fewer People Quit for Other Openings or Begin Looking for Work on Month, Offsetting Impact of More Job Losses, Retirements–Employment Posts 6th Y/Y Straight Gain, Let by Hotels, Restaurants, Medical Services–Number of Unemployed Marks 19th Straight Y/Y Drop By Max Sato (MaceNews) – Japanese payrolls posted their sixth straight year-over-year growth in January as the […]
<strong>White House and Other Schedules for Thursday, March 2</strong>
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, MARCH 2, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
<strong>Japan January Industrial Output Slumps on Parts Shortages, Global Economic Slowdown</strong>
–METI Survey: Output Likely to Post Modest Gains in February, March; Not Strong Enough to Offset January Dip–METI Keeps View After Recent Downgrade: Output Has Weakened–METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production slumped at a faster pace than forecast in […]
<strong>Japan January Core CPI Up 4.2% Y/Y, Fresh 41-Year High, Markups in Food, Utilities, Smaller Hotel Fee Drop</strong>
–Core CPI (Ex-Fresh Food) Y/Y Rise Highest Since +4.2% in September 1981 –Core-Core CPI (Ex-Fresh Food, Energy) +3.2% Y/Y, Highest Since +3.2% in April 1982 –Total CPI +4.3% Y/Y, 41-Year High; Largest Since +4.3% in December 1981 By Max Sato (MaceNews) – Consumer inflation in Japan picked up its pace further in January, with the […]
<strong>Japan Govt Keeps View on Gradual Economic Pickup After Its 1st Downgrade of Overview in 11 Months on Global Slowdown </strong>
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic assessment that the current gradual pickup is still intact after downgrading it for the first time in 11 months in January amid weaker global demand, according to its monthly report released by the Cabinet Office. In its February report, the government said the economy […]
<strong>Japan December Machine Orders Rebound After November Slump; Q1 Seen Up After Q4 Drop</strong>
–Govt Keeps View After Recent Downgrade: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a modest rebound in December in reaction to a plunge in November as capex plans for digitization and green transformation remain solid for fiscal 2022 ending in March, […]
<strong>Japan January Exports Post Small Rise Amid Global Slowdown, China Lunar New Year Holidays; Trade Deficit Hits Record High</strong>
–Japan Posts 18th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to China Mark 2nd Straight Y/Y Drop Amid Renewed Covid Spike By Max Sato (MaceNews) – Growth in Japanese export values slowed to a single-digit percentage rise in January amid slowing global demand and suspended shipments during the Lunar New Year […]
<strong>Japan Q4 Modest GDP Growth Led by Net Export Rise after Service Import Surge Caused Q3 Contraction</strong>
–Q4 GDP Rise Smaller Than Expected as Private Inventories Drop Sharply –Consumption Up on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Capex Posts Pullback as Expected but Potential Demand for Investments Solid –Q1 GDP Seen Supported by Consumption Amid Slowing Global Demand By Max Sato (MaceNews) – Japan’s gross domestic product for […]
<strong>Preview: Japan Q4 GDP to Post Solid Rebound on Consumption, Net Exports After Surprise Q3 Contraction</strong>
–Consumption Resilient Thanks to Eased Covid Rules, Travel Support Program –External Demand to Lead Growth as Impact of Q3 Service Import Surge Wanes –Q4 Capex May be Down in Reaction to Strong Gains in Previous 2 Quarters –Q1 GDP Growth Seen Led by Consumption but Inflation, Slowing Global Demand Remain Headwinds By Max […]