FACT SHEET: THE BIDEN-HARRIS ADMINISTRATION’S NEW APPROACH TO THE U.S. – CHINA TRADE RELATIONSHIP
WASHINGTON (MaceNews) – The following is a fact sheet issued by the U.S. Trade Representatives Office and the White House, summarizing the comments by USTR Katherine Tai Monday in an appearance at the Washington think tank CSIS: Joe Biden ran for president on a promise to restore the backbone of this country, the middle class. […]
Japan Aug Retail Sales Slip on Rain Storms, Covid-19 Spike
By Max Sato (MaceNews) – Japan’s retail sales posted the first year-over-year drop in six months in August as a resurgence in coronavirus cases and stormy weather from the middle of the month kept shoppers away, data from the Ministry of Economy, Trade and Industry released Thursday showed. Retail sales slumped a preliminary 3.2% on […]
Japan Aug Factory Output Slumps as Global Supply Chain Disruptions Continue 
— Japan’s METI Downgrades View: Factory Output Pausing Vs. Picking Up –METI Repeats: Watch Effects of Rising COVID Cases, Global Chip Shortages By Max Sato (MaceNews) – Japan’s industrial production posted an unexpectedly large decline in August as pandemic-caused lockdowns in Southeast Asia are straining parts supplies further and global semiconductor shortages lingered, preliminary data […]
Japan Aug Core CPI Flat Y/Y After Year-Long Drop; Energy Pickup Slows
— Total CPI Marks 11th Straight Y/Y Drop As Fresh Vegetable Prices Slump — Downward Pressure From Low Cost Mobile Phone Plans Intensifies By Max Sato (MaceNews) – Higher costs for energy and processed food continued easing the downward pressure on Japan’s core consumer prices, which was flat on year in August after a year-long […]
Japan Govt Sees Slower Economic Pickup Amid Disrupted Supply Chains, Pandemic Spike
— Consumption, Factory Output Downgraded While Exports on Track By Max Sato (MaceNews) – Japan’s government Thursday provided a more cautious view of the recent pickup in the domestic economy, saying its pace is slowing in the face of global supply chain disruptions and a surge in coronavirus cases, according to its monthly report released […]
Japan Aug Export Rise Slows; Trade Deficit on Energy, Vaccine Import Surge
By Max Sato (MaceNews) – Japanese exports continued rising at a double-digit rate on year in August after the pandemic-triggered 2020 slump, but their momentum lost steam amid global supply chain disruptions and rising Covid-19 cases, data released Thursday by the Ministry of Finance showed. Demand for Japanese iron and steel as well as semiconductor-producing […]
Japan July Machine Orders Rebound Slightly; Pickup from 2020 Continues
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded slightly in July, staying on course toward a second consecutive quarterly rise in July-September, data released Wednesday by the Cabinet Office showed. Orders from manufacturers marked the fourth straight rise while those from non-manufacturers posted the first […]
Japan Q2 GDP Rebound Firmer Than Initially Estimated, Led by Capex Revision
By Max Sato (MaceNews) – Japan’s economic rebound in the April-June quarter was firmer than expected as business investment in upgrading factories and offices turned out to be stronger than previously reported, Cabinet Office data released Wednesday showed. Revised second quarter GDP data confirmed that consumer spending remained resilient despite on-and-off restrictions on economic activity […]
Japan July Household Spending Sluggish Amid Covid-19 Restrictions
By Max Sato (MaceNews) – Japan’s household spending was lackluster in July, posting a weaker-than-expected rise from a year earlier and marking the third straight month-on-month decline, as restrictions on economic activity lingered, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The government is not imposing lockdowns in its efforts to […]
Japan July Factory Output Dips As Automakers Face Supply Constraints
–Japan’s METI Keeps View: Factory Output Picking Up –METI Repeats: Watch Effects of Rising COVID Cases, Global Chip Shortages By Max Sato (MaceNews) – Japan’s industrial production slipped in July from the previous month, as pandemic-caused lockdowns in Southeast Asia stifled global supply chain networks, but the pickup trend, led by export growth, appears to […]