Preview: Bank of Canada Set to Cut Policy Rate by 25 Basis Points amid Signs of Easing Inflation, Slowing Economic Activity
By Max Sato (MaceNews) – The Bank of Canada is widely expected on Wednesday to lower its policy interest rate — the target for overnight lending rates — by 25 basis points to 4.75% to help reduce high mortgage rates and other borrowing costs in light of easing inflation and slower economic growth, but some […]
Japan May Tokyo Core CPI Annual Rate Rises to 1.9% on Reduced Utility Subsidies After Falling to 25-Month Low of 1.6% in April due to Free High School Education
Japan CPI accelerates in April, as expected
Japan April Jobless Rate Steady at 2.6% for 2nd Straight Month; Job Cuts Shrink, Fewer People Quit for Other Openings
–Employment Up Y/Y for 21st Straight Month, Led by Hotels, Restaurants; Manufacturing Shed Jobs for 2nd Month in a Row By Max Sato (MaceNews) – Japanese payrolls posted their 21st straight rise on year in April amid labor shortages at hotels, restaurants and telecommunications firms while the unemployment rate was unchanged at 2.6% for the […]
Japan April Retail Sales +2.4% Y/Y Led by Consumer Electronics Amid Hot Weather; Vehicle Sales Decline Slows After Auto Output, Shipments Resumed in March
Japan retail sales gains
Japan April Industrial Production Unexpectedly Slips on Pullback in Aircraft Engine Parts After Sharp Gain; Vehicle Output Also Falls
Japan industrial production falls
Fed’s Beige Book Shows Lukewarm Growth, Less Jobs Pressure, Retail and Auto Sales Mostly Flat
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic activity coast-to-coast Wednesday showed generally lackluster growth but only two districts – Dallas and Boston – with little or no improvement. The survey, prepared for the June 11-12 Federal Open Market by the Dallas Fed found most districts with ‘negligible to modest” job gains, prices increasing […]
Japan Government Keeps Its View on Economic Recovery, Downplaying Q1 GDP Slump as Mainly Caused by Temporary Vehicle Output Suspension
Japan government keeps view on economy
Japan April Core CPI Annual Rate Eases to 3-Month Low of 2.2% on Smaller Processed Food, Durable Goods Price Gains; Overall Energy Costs Edge Up After Long Drop
–Total CPI +2.5% Y/Y Vs. +2.7% in March Despite High Fresh Food Prices–Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 19-Month Low of 2.4% By Max Sato (MaceNews) – Consumer inflation in Japan moderated in all three key measures in April in light of easing food and durable goods markups, offsetting the slight upward […]
Japan April Export Rise Led by Automobiles, Semiconductors; Trade Balance Slips Back into Deficit after March Surplus
autos, semiconductors lead Japanese export rise
Japan March Core Machine Orders Unexpectedly Post 2nd Straight Monthly Gain, Prompting Government to Upgrade View
Japanese capex bounces back in April