<strong>Japan February Producer Inflation Eases Further to 8.2% from 9.5% on Faster Drops in Fuels, Lumber Prices Amid Slower Global Growth </strong>
–December’s 10.5% Y/Y Rise Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan continued to ease in February as the government is trying to cap sharp increases in energy costs for both households and businesses while fuel and lumber prices fell at a faster pace amid slowing global demand, data […]
<strong>Japan January Household Spending Dips Y/Y Amid High Costs, Jumps M/M as Economy Continues Reopening</strong>
–Slight Drop Led by Lower Spending on Telecommunications Charges–Spending on Hotels, Transport Continues Rising on Govt Tourism Support Program –January Real Household Income Posts 4th Straight Y/Y Drop on High Costs for Food, Utilities By Max Sato (MaceNews) – Japan’s real household spending posted an as-expected slight drop on the year in January, with more […]
<strong>Japan Q4 GDP Slight Rebound Revised Down to Zero Growth on Smaller-Than-Expected Consumption Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 GDP –Consumption Resilient on Eased Covid Rules, Travel Subsidies Despite Falling Real Wages –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports; Rising Costs Cause for Concern By Max Sato (MaceNews) […]
<strong>Preview: Japan Q4 GDP Slight Rebound Seen Unrevised, Led by Consumption, Net Export Rise</strong>
–Sharp Drop in Private Inventories, Capex Pullback Behind Lackluster Q4 Growth –Consumption Solid on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Q4 Net Exports Rebound After Q3 Slump Caused by Surge in Service Payments –Q1 GDP Seen Supported by Consumption Amid Weaker Exports By Max Sato (MaceNews) – The slight rebound […]
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 […]