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 […]
FOMC Minutes: No Wage-Price Spiral But Ready to Accelerate Taper if Inflation More Persistent, Aggressive
WASHINGTON (MaceNews) – The minutes of the Nov 2-3 Federal Open Market Committee meeting released Wednesday repeated familiar themes about pandemic-caused inflation factors, labor supply issues and so far, the absence of a wage-price spiral. Members advocated contninued vigilance about the intensity of price pressures. Fears that inflation expectations were being elevated beyond previous ranges […]
Covid and Supply Bottlenecks Dampen German Business Sentiment in November
ZURICH (MaceNews) – Business sentiment in Germany fell in November as concerns over a fourth Covid wave and continued supply chain bottlenecks dampened both current conditions and expectations according to the latest report from the Munich-based Ifo Institute. The Business Climate Index median fell to 96.5 in November, slightly below the median of 96.7 in […]
Fed’s Waller Favors ‘Faster’ Pace of ‘Tapering,’ Earlier ‘Liftoff’ Given Inflation
— If Speed Tapering in January; Could Raise Funds rate in Second Quarter By Steven K. Beckner (MaceNews) – Federal Reserve Governor Christopher Waller said Friday he is leaning toward a “faster” pace of “tapering” Fed asset purchases, and he suggested he would also favor a relatively early “liftoff” of the federal funds rate from […]
Japan’s October Energy-Led CPI Rise Capped by Deeper Mobile Phone Discounts
— Gasoline, Heating Oil, Utilities Costs Up Sharply Amid Rising Energy Markets — Total CPI Marks 2nd Straight Y/Y Gain; Slower on Fresh Food Price Drop — Producer Price Spike Has Limited Impact on CPI But BOJ Sees Gradual Pickup By Max Sato (MaceNews) – Core consumer prices in Japan maintained a small step upward […]
MaceNewsViews – Commentary: President Biden-President Xi Talked For Nearly Four Hours – Exactly What Happened?
By Eric Ham WASHINGTON (MaceNews) – The long-awaited meeting between leaders of the two largest economies talked for nearly four hours Monday night and some of the exchanges were “incredibly direct.” There were several readouts afterwards by the U.S. side, a brief appearance Tuesday at the Brookings Institution think tank by National Security Adviser Jake […]
Japan September Machine Orders Flat, Posting Only Small Q3 Gain
–Japan Govt Keeps View: Pickup in Machine Orders Pausing –Q3 Core Orders Far Below Official Forecast; Q4 Seen Up Moderately By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, were unchanged in September, coming in weaker than a rebound forecast by many and following a surprise slip […]
Japan Oct Exports Slow on Parts Supply Delays; Steel, Machine Demand Solid
— Imports Up on Rising Energy Costs, Leading to 3rd Straight Trade Deficit By Max Sato (MaceNews) – Year-on-year growth in Japanese exports continued to lose momentum in October as Covid-triggered delays in parts supply from Southeast Asia, microchip shortages and congestion at international ports have forced carmakers and others to trim output and shipments, […]
White House Transcript of Biden-Xi Backgrounder Briefing
WASHINGTON (MaceNews) – The following is the White House transcript of the late Tuesday background teleconference in which reporters were briefed on the three-hour virtual meeting of Pres Biden and China’s President Xi: Background Press Call by Senior Administration Officials on President Biden’s Virtual Meeting with President Xi of the People’s Republic of China Via […]