BOJ Keeps Easing Stance, Tweaks Covid Funding Scheme Toward Small Firms
By Max Sato (MaceNews) – The Bank of Japan said Friday it is ending parts of its anti-Covid special financing program aimed at supporting large firms, whose financial conditions have improved, while extending its feature of helping hard-hit small businesses, particularly those in the service sector. As expected, the BOJ decided to maintain its interest […]
Japan Nov Exports Pick Up Pace on Eased Supply Delays, Reopening Demand
— Imports Surge on Rising Energy Costs, Leading to 4th Straight Trade Deficit By Max Sato (MaceNews) – The pace of year-on-year increase in Japanese exports picked up in November after slowing in October amid a recent improvement in parts supply from Southeast Asia but global transport bottlenecks and the spread of the Omicron coronavirus […]
Japan Oct Machine Orders Rebound On Eased Supply Delays, Covid Rules
–Japan Govt Keeps View: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a solid rebound in October amid signs of a slight easing in delayed parts supply from Southeast Asia and relaxed Covid restrictions on business hours and public events […]
BOJ Dec Tankan Business Sentiment Mixed; Capex Plans Cautious
–Sentiment Among Major Manufactures Flat After Recent Gains –Non-Manufacturers Report Better Conditions on Eased Covid Rules –Major Firms Revise Down Capex Plans From Sept But Still Up From FY20 –Smaller Firms’ Capex Plan Upward Revision Smaller Than Expected By Max Sato (MaceNews) – Confidence among major manufacturers in Japan was unchanged in December from September […]
PREVIEW: BOJ Dec Tankan To Show Mixed Sentiment, FY21 Capex Plans
–Sentiment Among Manufacturers Seen Flat After Recent Gains–Non-Manufacturers Likely Report Better Sentiment on Eased Covid Rules–Major Firms Expected To Revise Down Their Capex Plans–Smaller Firms Tend To Revise Up their Capex Plans Later in Fiscal Year By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among […]
Japan Q3 GDP Slump Revised Down on Weaker Consumption, Exports
— Q4 GDP Rebound Expected Amid Uncertainty Over Covid Impact By Max Sato (MaceNews) – Japan’s economic contraction in July-September quarter was revised down sharply as consumer spending and net exports turned out to be weaker than previously estimated and a buildup in private-sector inventories was lower than thought, more than offsetting an upward revision […]
Japan Oct Household Spending Dip Slows on Eased Covid Restrictions
By Max Sato (MaceNews) – Japan’s household spending posted the third straight year-on-year drop in October but the pace of decline decelerated from September as the government lifted its Covid-19 state of emergency restrictions on Oct. 1, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The number of new Covid-19 cases […]
Japan Oct Retail Sales Rebound on Fuel Price Spike, Eased Covid Restrictions
By Max Sato (MaceNews) – Japanese retail sales posted the first year-on-year rise in three months in October as fuel prices continued going up and the government lifted its Covid-19 state of emergency restrictions on Oct. 1, data released Monday by the Ministry of Economy, Trade and Industry showed. The METI maintained its assessment that […]
Japan Nov Tokyo CPI Y/Y Rise Hits 16-Month High on Surging Energy, Food
— Utility Charges Following Lead of Soaring Gasoline, Heating Oil Costs— CPI Remains Under Pressure From Mobile Communication Fee Discounts By Max Sato (MaceNews) – The year-on-year rise in the core reading of consumer prices in Tokyo, the leading indicator of the national average, accelerated in November amid double-digit percentage gains in utility and fuel […]
Japan Govt Still Sees Economic Pickup But Notes Slower Exports, Output
By Max Sato (MaceNews) – Japan’s government Thursday maintained its economic overview but pointed to a mixed bag of data showing a pickup in consumption on eased Covid restrictions against flat exports and stalling recovery in factory output amid protracted supply bottlenecks, according to its monthly report released by the Cabinet Office. The government said […]