Japan July Producer Inflation Eases Further to Fresh 2-Year Low of 3.6% from June’s 4.3% on Energy Subsidies, Plunging Lumber Prices
–Producer Prices Post 1st M/M Rise in 3 Months on Rebound in Fuels, Non-Ferrous Metals –July’s 3.6% Y/Y Rise Lowest Since 1.0% in March 2021 –Corporate Goods Price Index’s 10.6% Surge in December 2022 Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the seventh straight month in July, […]
Japan Govt Keeps View on Moderate Economic Recovery Backed by Consumer Spending, Business Investment Amid Higher Wage Growth
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its overall assessment, saying the economy is recovering moderately as substantial wage hikes and Covid-era excess savings are supporting consumer spending while improving supply chains are shoring up business confidence and investment, according to its monthly report released by the Cabinet Office. Japanese policymakers expect robust […]
White House and Other Schedules for Wednesday, July 12
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 12, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will attend the Meeting of […]
White House and Other Schedules for Tuesday, July 11
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JULY 11, 2023 – THURSDAY, JULY 13, 2023 In the morning, the President will participate in an official […]
Preview: BOJ June Tankan to Show 1st Rise in Major Manufacturers’ Sentiment in 7 Quarters on Improved Supply Chains
–Tourism Discount Subsidies, Eased Covid Rules Support Services –September Business Confidence Seen Mixed; Non-Manufacturers Cautious –FY23 Capex Plans Among Large, Small Firms Expected to Be Revised Up By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among major manufacturers in Japan picked up slightly in June […]
ISM: US April Service Sector Activity in Expansion Territory for 4th Straight Month on Slight Uptick in New Orders
–ISM’s Nieves: Employment Remains a Mixed Bag; Some Cutting Jobs, Others Struggling to Find Workers –Nieves: Firms Mostly Positive but Preparing for Headwinds; Expect Clearer Outlook in May 8 Release of Semi-Annual Survey –Nieves: Business Activity May Rise in May After Slowing in April By Max Sato (MaceNews) – Business activity in the U.S. […]
Japan’s Economy Shows Some Resilience in March Data Amid Slowing Global Growth; Inflation Hurts Purchasing Power
–Industrial Output Posts 2nd Straight Rise on Month, Prompting METI to Upgrade its View –Retail Sales Up on Recovery at Department Stores, Demand for Autos –Payroll Growth Continues but Unemployment Rate Rises Unexpectedly –April Tokyo CPI, Leading Indicator of National Data, Accelerates at Fast Pace By Max Sato (MaceNews) – Japan’s manufacturing sector is weathering […]
White House and Other Schedules for Wednesday, April 19
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, APRIL 19, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, […]
US March ISM Manufacturing in Contraction for 5th Straight Month on Uncertainty Over Demand Pickup Timing
–ISM’s Fiore Downplays Manufacturing Index Drop to 46.3, Saying, ‘We’ve Only Lost 3 to 4 Points in Past 5 to 6 Months’ –Fiore: Manufacturing Index Now Seems to Be in Range of 46 to 49, Probably in Q2, Too, Down from Earlier Range of 48 to 52 –Fiore: Demand Pickup Expected for July, August May […]
<strong>BOJ Keeps Easing Stance to Pursue Stable 2% Inflation Target After Nearly a Decade of Flooding Markets with Cash</strong>
–March Meeting Last Scheduled One for Governor Kuroda Before His 2nd 5-Year Term Ends on April 8 –Kuroda’s 2 Deputies Will Also Retire at End of Their 5-Year Terms on March 19 –Incoming Governor, Ex-BOJ Board Member Kazuo Ueda Has Told Diet Current Easing Stance ‘Appropriate’ By Max Sato (MaceNews) – The Bank of Japan […]