Japan November Household Spending Posts Unexpected Rebound on Autos in Routine Data Sample Shuffle, More Shopping Days, Winter Clothing Needs
–Many Remain Frugal Amid High Costs of Living, Trimming Gift Money and Switching to More Affordable Mobile Phone Plans By Max Sato (MaceNews) – Japan’s real household spending posted an unexpected rebound in November, up a decent 2.9% on year (vs. consensus -1.4%), led mainly by a jump in automobile purchases due to a routine […]
US ISM Services Sector PMI Hits 14-Month High Mainly on Seasonal Effects but 12-Month Moving Average Still Low
US ISM’s Miller: Not Out of Tariffs Woods Yet but Sitting on Their Edge By Max Sato (MaceNews) – The U.S. services sector was in expansion territory for the third straight month in December as customers’ yearend budget spending lifted retailers and the flu vaccine season supported healthcare service providers but stiff Trump tariffs are […]
Preview: Forecasters See Household Spending Down 1.4% On Year in November
Friday, Jan. 9, 20260830 JST (2350 GMT/1830 EST Thursday, Jan. 8) The Ministry of Internal Affairs and Communications releases the November average household spending.Mace News median forecasts: -1.4% y/y (range: -2.5% to -0.6%) vs. Oct -3.0%; +1.4% m/m (range: +0.4% to +3.3%) vs. Oct -3.5% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s real household spending […]
Japan Week Ahead: Stocks Ending 2025 on High Note, Bond Yields Up on BOJ Rate Hike Outlook but Yen Remains Depressed
–PM Takaichi Keeps High Approval Ratings but Faces Challenges as Beijing Reacts to Her Taiwan Remarks By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming two weeks. Japanese markets are closed for yearend and New Year’s holidays from Wednesday, Dec. 31 until Friday, Jan. 2. Trading will resume on […]
Japan Week Ahead: Inflation Easing Toward Bank of Japan’s 2% Target; Factory Output to Slip Back but Has Firm Undertone, Bucking US Tariff Damper
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week following the Bank of Japan board’s unanimous decision to raise the overnight interest rate target by 25 basis points to a 30-year high of 0.75% in light of easing uncertainties over global trade rows initiated by the Trump administration. […]
Japan Govt Sticks to Modest Recovery Outlook as Exports Weather Trump Tariff Storms; BOJ Hikes Rates on Easing Trade Uncertainties, Vows to Raise More
–BOJ Governor Ueda: Policy Rate at 0.75% After Latest 25-Bp Hike Still ‘Slightly Below’ Estimated Neutral Rate By Max Sato (MaceNews) – Japanese government policymakers are holding on to their conviction that the economy will stay on a modest recovery track as the latest trade data showed a rebound in exports to the key U.S. […]
BofA Global Research Fund Manager Survey: Investor Optimism High in December on ‘Run-it-Hot’ Macro and Policy Expectations
–Macro-optimism Highest Since August 2021 –Expectation For Higher Bond Yields Highest Since April 2022 by Vicki Schmelzer NEW YORK (MaceNews) – Global investor optimism was high in December, driven by “’run-it-hot’ macro and policy expectations,” according to the latest BoA Global Fund Managers survey, released Tuesday. This month, a net 18% of those polled looked […]
Bank of Japan Survey: Majority of Firms Plan to Keep Current High Pace of Wage Hikes in Fiscal 2026
–Combined with Improving Business Confidence in Tankan, Wages Survey Points to BOJ Rate Hike This Week By Max Sato (MaceNews) – Three days before its policy-setting meeting, the Bank of Japan on Monday released the results of a quick survey that showed a majority of companies plan to maintain the existing relatively high pace of […]
Preview: Forecasters See Japanese Core CPI +3.0% for November, Well Above 2% BOJ Target
Consensus outlook for Mace NewsFriday, Dec. 19, 20250830 JST (2330 GMT/1830 EST Thursday, Dec. 18) The Ministry of Internal Affairs and Communications releases November CPIMace News median: total CPI +2.9% y/y (range: +2.8% to +3.0%) vs. Oct +3.0%; core CPI (ex-fresh food) +3.0% y/y (range: +2.8% to +3.1%) vs. Oct +3.0%; core-core CPI (ex-fresh food, […]
Update: Japan Week Ahead: Bank of Japan Set to Hike Rates amid Easing Uncertainty over Trade Rows, Focus on Governor Ueda Remarks on Estimated Neutral Rate
–Adds Context to Economy Watchers Survey in Paragraphs 15-17 (MaceNews) – Here are the key Japanese economic events for the coming week, with the market focus on what the governor of the Bank of Japan will say about a widely expected interest rate hike and how much more the bank should lift the overnight rate […]