Japan Weekahead: Machinery Orders, Exports Seen Down as Trump Tariffs Hit Auto, Steel Makers; Inflation to Ease on Fuel Subsidies but Still Above 3% amid High Rice Prices
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. Stiff U.S. tariffs on imports are having some cooling effects on the auto and steel industries as seen in recent production and trade data but not pushing the global or domestic economy into a tailspin. Inflation in Japan, now […]
US ISM Manufacturing Stays in Contraction in June as Uncertainty Over Trade Conflicts Keeps Firms on Sidelines, Leading to Weak Demand, More Layoffs
–ISM Manufacturing Index at 49.0 Vs. 48.5 in May, Consensus at 48.8–ISM’s Spence: Production Up but Still Fragile, New Orders Falling–Spence: Orders Unlikely to Pick Up Until Trade, Geopolitical Risks Wane By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction for the fourth straight month in June as the uncertainty over protectionist U.S. […]
Preview: Bank of Japan Q2 Tankan to Show Business Sentiment Slipped as Trump Tariffs Hit Auto, Metal Industries, High Costs Slow Consumers Spending
By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is forecast to show confidence was flat or deteriorated in most categories in the June quarter, hit by Trump tariffs on vehicles, metals and other goods, with automakers lowering export prices to pay for higher import costs for U.S. customers, according to […]
Japan Weekahead: Bank of Japan Set to Keep 0.5% Policy Rate, Focus on Possible Moderation in FY26 Balance Sheet Trim; Exports Hit by Trump Tariffs, Underlying Inflation Still Below 2%
By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. – Monday, June 16 1400 JST (0500 GMT/0100 EDT) – The Bank of Japan’s nine-member board begins its two-day policy meeting. On day one, board members compare notes on the economic and financial conditions in Japan and […]
US ISM Manufacturing Stays in Contraction in May as Trade Rows Keep Outlook Uncertain, Causing Supply Chain Chaos
–ISM Manufacturing Index at 48.5 Vs. 48.7 in April, Below Consensus at 49.1–ISM New Chair Spence: Agree with Predecessor Fiore that US Economy Not Yet in Recession but PMI Moving in That Direction–Spence: Manufacturing Sector Will Continue Struggling Until There is More Certainty Over US Trade Policy–Spence: Layoffs Main Option for Firms as They Reduce […]
US ISM Manufacturing Remains in Contraction in April as Trump Tariffs Choke Demand, Prompting Firms to Slash Output, Shed Payrolls amid High Costs
–ISM Manufacturing Index at 48.7 vs. 49.0 in March, Above Consensus (47.9)–ISM’s Fiore: Tariff Concerns Account for 82% of April Survey Comments vs. 67% in March, Overshadowing Any Kind of Demand Comment–Fiore: Don’t Think US in Recession but PMI Indicates Moving in That Direction–Fiore: Not a Tariff Fan; Firms Won’t Invest, US Consumers Will Pay […]
ISM: US Services Sector Slips in March on Surging Costs amid Trump Trade War, Controversial Massive Federal Spending Cuts, but Clings to Growth
–ISM Services Index at 9-Month Low of 50.8 Vs. 53.5 in February, Below Consensus (53.0)–Employment Subindex Plunge by 7.7 Points Sharpest Since Early Pandemic Phase of April 2020–ISM’s Miller: More Industries Are Concerned About Impact of Tariffs–Miller: Canadian Boycott of US Goods, Services Having Immediate Impact–Miller: Services Sector Shows Some Strength from Overall Viewpoint By […]
US ISM Manufacturing Slips Back into Contraction in March as Firms Sit on Sidelines, Trim Payrolls Ahead of More Trump Tariffs Expected This Week
–ISM Manufacturing Index at 49.0 Vs. 50.3 in February, Below Consensus (49.6)–ISM’s Fiore: Activity ‘Overshadowed’ by US Import Tariffs; So Many Unknowns, More Confusion–Fiore: Still Think Lower New Orders, Higher Inventories, Slower Supply Deliveries Will Clear Up–Fiore: Tariffs Could Prompt Workers Hit by Higher Costs of Living to Demand Wage Hikes, Triggering Wage-Price Cycle By […]
Preview: BOJ March Quarter Tankan to Show Business Sentiment Slightly Down or Flat amid Uncertainty over Trump Tariffs, Elevated Consumer Inflation
By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is forecast to show confidence among manufacturers slipped in the March quarter in the face of stiff tariffs on U.S. imports of metals and vehicles as well as President Trump’s plans to slap “reciprocal tariffs” on imports from global trading partners. China’s […]
TARIFFS STATE OF PLAY: Trump Tariffs Go Global – A Small Start Compared to What’s Coming
WASHINGTON (MaceNews) – The new worldwide 25% U.S. tariffs on steel and aluminum Wednesday – with no exemptions – piled atop the now 20% levied on China goods, 22 days away from the start of the nation’s far bigger experiment in confrontational trade policy, “reciprocal tariffs.” As expected, retaliatory tariffs also began to accumulate, first […]