Japan Jan Exports Mark 2nd Straight Y/Y Rise on Global Silicon Cycle Uptrend
–Pre-Lunar Holiday Rush Shipments Also Supported Higher Export Growth —Japanese Carmakers Plan To Trim Output Amid Semiconductor Shortages By Max Sato (MaceNews) – Japanese exports posted the second straight year-on-year increase in January, reflecting the recent recovery trend in global demand for semiconductors, but the faster pace of increase from December was also due to […]
JAPAN Q4 GDP POSTS 2ND STRAIGHT Q/Q RISE BUT STILL DOWN ON YEAR
By Max Sato (MaceNews) – Japan’s economy posted the second straight quarter-on-quarter expansion in October-December on firmer global demand, solid consumer spending and a rebound in business investment, but total domestic output remained below year-earlier levels for the fifth consecutive quarter amid the pandemic-caused slowdown, Cabinet Office data released Monday showed. Economists on average expect […]
JAPAN ECONOMIC SENTIMENT MIXED AS SUPPORT FOR SUGA GOVT SLIPS
By Max Sato (MaceNews) – Consumer and business confidence in Japan is mixed due to pandemic lifestyles, while voter support for Prime Minister Yoshihide Suga continues to slide on public disappointment with what critics call a behind-the-curve policy response and complacency among ruling-camp politicians. Demand for takeout food, groceries and household appliances and furniture remains […]
JAPAN DEC HOUSEHOLD SPENDING SLIPS Y/Y BUT OCT-DEC GAIN POINTS TO Q4 GDP GROWTH
By Max Sato (MaceNews) – Japan’s household spending in December suffered the first year-on-year drop in three months, albeit modest, as more people turned cautious about eating out and traveling outside their areas, data released Friday by the Ministry of Internal Affairs and Communications showed. But the key indicator of private consumption marked the second […]
JAPAN JAN TOKYO CPI DROP EASES AS GOVT SUSPENDS HOTEL DISCOUNTS AMID SURGING COVID-19 CASES
— Lower energy prices remain key factor behind y/y fall in CPI By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, made an unexpectedly large month-on-month rebound in January, as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal […]
JAPAN GOVT SEES CONTINUED ECONOMIC PICKUP AMID MIXED DATA, UPGRADES VIEW ON CHINA
By Max Sato (MaceNews) – Japan’s government Friday stuck to its recent assessment that the domestic economy is showing signs of a pickup from the pandemic-caused slump, pointing to a mixed bag of data – more cautious consumer spending against brighter spots in business investment and housing construction, according to its monthly report released by […]
JAPAN DEC CPI DROPS FURTHER ON LOWER ENERGY COSTS; HOTEL FEE DROP EASES AMID PANDEMIC
By Max Sato (MaceNews) – Japanese consumer prices posted a slightly sharper drop in December as energy costs continued falling. But a spike in coronavirus cases later in the month appeared to have slowed the use of the government-financed hefty discounts on hotel and transport charges, data from the Ministry of Internal Affairs and Communication […]
BOJ KEEPS EASING POLICY STANCE AMID PANDEMIC, SLIGHTLY MORE UPBEAT ON FY21, 22 GROWTH
–Central Bank Still Sees Under 1% Inflation in 2 Years, Well Below 2% Target By Max Sato (MaceNews) – The Bank of Japan has maintained its policy stance, as expected, after extending the period of special easing tools last month amid growing downside risks, while continuing to forecast that the domestic economy will recover part […]
JAPAN DEC EXPORTS POST 1ST RISE IN OVER 2 YEARS AMID UNCERTAIN OUTLOOK
By Mas Sato (MaceNews) – Japanese exports recorded the first year-on-year gain in just over two years, as largely expected, thanks to a recent gradual pickup in global demand, but the outlook for one of the key growth drivers for slow domestic recovery remains uncertain amid a surge in new coronavirus cases in many parts […]
JAPAN FACTORY OUTPUT PICKUP PAUSES IN NOV, SHIPMENTS SLIP, AMID PANDEMIC UNCERTAINTY
By Max Sato (MaceNews) – Japan’s industrial production marked time in November in its gradual recovery from the pandemic-caused slump after five straight monthly gains, with the level of output staying under year-earlier levels amid uncertainty over global growth, preliminary data released Monday by the Ministry of Economy, Trade and Industry showed. While noting factory […]