<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 […]
<strong>Japan January Producer Inflation Eases to Below 10% as Fuels, Lumber Prices Drop, Firmer Yen Lowers Import Costs</strong>
–Upwardly Revised +10.5% Y/Y in December 2022 Now 42-Year High By Max Sato (MaceNews) – Producer inflation in Japan eased in January as energy and commodity markets turned softer on slowing global demand and the recent rebound in the yen helped lower import costs, but the annual rate just under 10% indicates firms are still […]
<strong>Japan December Household Spending Slips on Discount Mobile Phone Plans; Covid Spike, Inflation Spoil Yearend Parties </strong>
–Spending on Hotels, Transport Continues Rising on Govt Tourism Support –October-December Household Spending Rebounds, Indicating Consumption Supported Expected Q4 GDP Solid Growth –Spending in 2022 Marks 2nd Straight Annual Rise, Showing Pickup from Pandemic Slump –December Real Household Income Posts 3rd Straight Y/Y Drop as Inflation Bites By Max Sato (MaceNews) – Japan’s real household […]
Japan December Retail Sales Post Solid Gain; Freezing Weather Boosts Clothing Demand
–METI Keeps View: Retail Sales Picking Up; Sales Rebound on Month–Retail Sales Continue Rising Q/Q in Q4, Annual Pace Accelerates in 2022–Department Store Sales on Recovery Track, Shrinking Drop from Pre-Pandemic Levels–Demand for Cosmetics, Drugs Remains Strong; Auto Sales Dip After Recent Pickup By Max Satp (MaceNews) – Japanese retail sales posted the 10th straight […]
Japan December Industrial Output Nearly Flat on Slower Global Demand; Decline Smaller Than Expected
–METI Survey: Output Likely to Slump in January, Rebound in February–METI Keeps View After 2nd Straight 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 was nearly flat in December on cooling global demand, but down by a smaller-than-expected […]
<strong>Japan December Tokyo Core CPI Up 4.3% Y/Y, A Fresh 41-Year High on Soaring City Gas Charges, Smaller Hotel Fee Drop</strong>
–Total CPI Jumps 4.4% Y/Y, Highest in Over 41 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) Also Surges 3.0%, More Than 30-Year High By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued their relentless surge above 4% in […]
Japan Government Sees Soft Spots in Economy in its 1st Downgrade of Overview in 11 Months as Global Demand Cools
By Max Sato (MaceNews) – Japan’s government Wednesday downgraded its economic assessment for the first in 11 months, citing slower growth in exports amid weaker global demand, while maintaining its view that modest recovery is in place, according to its monthly report released by the Cabinet Office. In its January report, the government said the […]