<strong>Japan October Industrial Output Slumps Amid Slowing Global Demand, in Reaction to Earlier Gains</strong>
–METI Survey: Output Likely to Dip in November, Rise in December –METI Downgrades View: Output Picking Up Gradually but Shows Weakness in Some Areas –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the second straight monthly drop in October, hit […]
<strong>Japan October Retail Sales Keep Solid Y/Y Gain on Eased Covid Rules; Nearly Flat M/M on Price Hikes </strong>
–METI Keeps View After Recent Upgrade: Retail Sales Picking Up –Department Store Sales on Recovery Track but Still Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Picking Up By Max Sato (MaceNews) – Japanese retail sales posted their eighth straight year-on-year increase in October, led by wide-ranging price hikes, but lower Covid […]
<strong>Japan October Jobless Rate Steady at 2.6% as Tourism Hires More on Eased Border Rules, Travel Subsidies </strong>
–Fewer People Quit on Month to Seek Other Openings, More Start Looking for Work –Employment Growth Up Sharply, Posting 3rd Y/Y Straight Gain –Unemployed Marks 16th Straight Y/Y Drop; Still Above January 2020 Level By Max Sato (MaceNews) – Japanese payrolls posted third straight year-on-year growth in October while the unemployment rate was unchanged at […]
<strong>Japan November Tokyo Core CPI Up 3.6% Y/Y, New 40-Year High on Rising Processed Food Costs </strong>
–Total CPI +3.8% Y/Y Highest in 32 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) +2.5% Remain 31-Year High –Processed Food Price Rise Largest Factor as Overall Energy Moderates By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued their […]
<strong>Japan Govt Keeps Economic Pickup View Despite Q3 GDP Contraction </strong>
By Max Sato (MaceNews) – Japan’s government Thursday maintained its economic recovery outlook despite the latest GDP data showing an unexpected slump in total domestic output in the July-September quarter caused by a surge in imports amid the sharp depreciation of the yen, according to its monthly report released by the Cabinet Office. The dollar […]
<strong>Japan October Core CPI Surges 3.6% Y/Y to Hit 40-Year High on Food Markups, Mobile Communications Fee Rebound </strong>
–Processed Food Now Largest Inflation Factor as Energy’s Contribution Shrinks –Core CPI (Ex-Fresh Food) Y/Y Rise Highest Since +3.6% in February 1982 With or Without Sales Tax Hike Impact –Core-Core CPI (Ex-Fresh Food, Energy) +2.5% Y/Y, 30-Year High Excluding Impact of 2014, 1997 Sales Tax Hikes –Total CPI Jumps 3.7% Y/Y, 31-Year High Excluding Effects […]
<strong>Japan October Export, Import Values Hit Fresh Record Highs Amid Easing Supply Constraints, High Energy Costs </strong>
–Japan Posts 15th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to US Hit Another Record High on Autos, Construction Machines –Imports from US, EU at Record Highs on Drugs, Energy, Non-Ferrous Metals–Imports from Asia, China Also New Highs on Smartphones, Clothing By Max Sato (MaceNews) – Japanese export values hit another […]
Japan September Machine Orders Slump, Q3 Drop Largely as Expected; Q4 Rebound Seen 
–Japan Govt Downgrades View: Pickup in Machine Orders Pausing Vs. Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the second straight month-on-month drop in September amid slowing global economic growth, as lower demand for freezers, construction machines, and turbines offset […]
Japan Q3 GDP Unexpectedly Shrinks on Surging Imports; Capex Slower but Solid, Consumption Resilient
–Japan’s Economy Posts 1st Q/Q Drop in 4 Quarters; Q2 Growth Revised Up –Consumption Marks 4th Straight Q/Q Rise Despite Spike in New Covid Cases –Capex Demand for FY22 Solid Amid Digitization, Green Transformations –Q4 GDP May Rebound on Fiscal Support but Global Uncertainties Remain –Economic Minister Goto: Japan Gradual Pickup Intact Despite Q3 Dip […]
Japan October Producer Inflation Higher Than Expected at 9.1%, Led by Utilities, Iron and Steel
–September’s Annal Rate Revised Up to 10.2%, Highest in 41 Years –Weak Yen Continues Boosting Import Costs for Producers By Max Sato (MaceNews) – Producer inflation in Japan came in higher than expected in October as utility charges surged above 40%, iron and steel prices remained high, up over 20%, and a faster pace of […]