Japan July Core CPI Posts 12th Straight Monthly Y/Y Drop Under 2020 Base Year
— Total CPI Marks 10th Straight Y/Y Fall, Also Reversing Slight Pickup — July’s Y/Y Declines in All Major CPI Measures Decelerate from June — Higher Energy, Some Food, Appliances Costs Ease Mobile Phone Downward Pressure By Max Sato (MaceNews) – Japan’s core consumer prices reversed recent modest gains backed by higher energy costs, posting […]
Japan July Exports Continue Rising From Pandemic-Hit 2020; Flat on Month
By Max Sato (MaceNews) – Japanese exports continued posting a sharp year-on-year rise in July, recovering from the pandemic-caused slump of 2020, led by demand for automobiles and steel as seen in recent months, data released Wednesday by the Ministry of Finance showed. Japanese passenger cars, steel and semiconductor-producing equipment continued drawing strong demand while […]
Japan Q2 GDP Rebound Firmer Than Expected, Led by Consumption, Capex
— Consumer Spending Unexpectedly Rises Despite Pandemic Restrictions — Q2 GDP Posts 1st Y/Y Rise in 7 Quarters in Payback for 2020 Slump By Max Sato (MaceNews) – Japan’s economy rebounded more strongly than expected in April-June, led by solid business investment and surprisingly resilient consumption despite on-and-off restrictions on economic activity during the pandemic, […]
Japan Economic Sentiment Clouded by COVID Infection Spike; Inflation Pickup Slow
By Max Sato (MaceNews) – Japanese sentiment picked up slightly in July, thanks to a four-day weekend created for the Tokyo Olympics, but the uncertainty over the economic outlook grew amid a surge in cases caused by the more infectious Delta variant and public frustration over the government’s response to the pandemic, including the slow […]
Japan June Household Spending Dips Against Subsidy-Led 2020 Shopping
–Expenditures Rebound in Q2 But Still Sluggish Amid COVID Restrictions By Max Sato (MaceNews) – Japan’s household spending lost some steam in June amid restrictions on economic activity aimed at slowing the spread of the pandemic and in reaction to high purchases of appliances a year earlier spurred by COVID-19 cash handouts, data released Friday […]
July Core Tokyo CPI Marks 1st Y/Y Rise in A Year on Higher Energy Costs
— Smaller Processed Food Price Drop, Newspaper Markups Also Support CPI— Total CPI in Capital Dips on Slump in Volatile Fresh Food Prices By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted the first year-on-year rise in 12 months in July in the core measure, as gasoline-led […]
Japan June Factory Output Rebounds Despite Global Chip Shortage Impact
–Japan’s METI Keeps View: Factory Output Picking Up –METI Warns of Drag from Chip Shortages, Coronavirus Variants –Apr-June Capital Goods Shipments Gain Indicates Solid Capex in Q2 GDP By Max Sato (MaceNews) – Japan’s industrial production rebounded in June after taking a breather the previous month, staying on a pickup trend amid uncertainty over global […]
Japan June Exports Continue Recovering from Pandemic-Hit 2020
–Jan-June Exports Mark 1st Y/Y Rise in 5 Half-Year Periods By Max Sato (MaceNews) – Japanese exports continued posting a sharp year-on-year rise in June and posted the first y/y gain in five half-year periods in January-June, recovering from the pandemic-caused slump of 2020, led by demand for automobiles and steel, data released Wednesday by […]
Japan Govt Keeps View on Domestic Economic Pickup Led by Exports, Output
By Max Sato (MaceNews) – Japan’s government Monday maintained its view that the domestic economy is headed for recovery, noting business confidence is improving amid the uncertainty caused by the recent surge in coronavirus infections in many countries, according to its monthly report released by the Cabinet Office. The government said “signs of a pickup […]
Japan May Machine Orders Surge in May on Solid Capex Demand
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, powered ahead in May on solid demand for upgrading production capacity and information technology in a move to address labor shortages with automation and digitalized operations, data released Monday by the Cabinet Office showed. Orders from manufacturers marked […]