Japan September Retail Sales Y/Y Rise Decelerates; Lingering Heat Wave Spoils Appetite for Autumn Clothing
–METI Keeps View: Retail Sales on Gradual Uptrend–High Prices for Food, Beverages and Fuels Supporting Overall Retail Sales –Department Store Sales Supported by Influx of Foreign Visitors By Max Sato (MaceNews) – Japanese retail sales posted a solid 5.8% rise on the year in September thanks to solid demand for automobiles, as largely expected, but […]
Japan September Industrial Production’s Slight Rebound Led by Auto Industry After Temporary Shutdown at Toyota Factories in August
–METI Survey: Output Likely to Rise in October, Slip Back in November –Core Capital Goods Shipments Dip in July-September, Indicating Weak Capex in Q3 GDP Data –METI Keeps View: Output Taking One Step Forward, One Step Back –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production […]
Japan September Jobless Rate Eases to 2.6% from August’s 2.7% as Job Cuts Fall, Fewer People Quit to Look for Better Positions
–Employment Up Y/Y for 14th Straight Month, Led by Hotels, Restaurants, Construction; Manufacturing Jobs Slump –Number of Unemployed Drop After 2 Months of Increase By Max Sato (MaceNews) – Japanese payrolls posted their 14th straight rise on year in September as massive hiring by hotels, restaurants and builders continued mitigating a sharp decline in manufacturing […]
Press Report: Bank of Japan Likely to Consider Allowing 10-Year Bond Yield to Trade Above 1% in Flexible Market Operations
By Max Sato (MaceNews) – Bank of Japan policymakers are likely to consider making the yield curve control framework even more flexible at their meeting this week by allowing the 10-year bond yield to trade above 1% “to some extent,” the upper end of its range the BOJ expanded in July, the Nikkei newspaper reported […]
Japan Govt Sees Moderate Economic Recovery but Warns of High Inflation, Labor Shortages and Middle East War
By Max Sato (MaceNews) – Japan’s government Monday maintained its overall assessment, saying the economy is recovering moderately, but warned that consumer inflation is high, labor shortages are broad-based and the war in the Middle East is adding to downside risks to domestic recovery led by wage and income growth, according to its monthly report […]
Japan September Core CPI Annual Rate Eases to 13-Month Low of 2.8% on Peaking Food Markups, Utility Subsidies
–Total CPI Moderates to 12-Month Low of 3.0% Rise; Durable Goods Price Gain Slows Further –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 4.2% from 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation in Japan eased in all three key measures in September as energy subsidies continued to push down electricity […]
Japan September Exports Post 1st Y/Y Rise in 3 Months to Record High on Solid Demand for Autos, Leading to 1st Trade Surplus in 3 Months
–Export Volumes Also Mark 1st Y/Y Gain in 12 Months –Imports Mark 6th Straight Y/Y Fall on Easing Energy Prices –Exports to China See 10th Straight Y/Y Drop on Declines in Semiconductors, Foodstuff By Max Sato (MaceNews) – Japanese export values posted their first year-over-year rise in three months to a record high in September, […]
Japan September Producer Inflation Eases Further to 2.0% from August’s 3.3% on Energy Subsidies, Plunging Lumber Prices
–September’s 2.0% Y/Y Rise Stays Lowest Since +1.0% in March 2021 –Producer Prices Post 1st M/M Drop in 3 months as Fuels Costs Slip After Recent Rebound By Max Sato (MaceNews) – Producer inflation in Japan eased for the ninth straight month in September, staying at an over two-year low, as the government’s utility subsidies […]
Japan August Household Spending Posts 6th Straight Y/Y Drop as Frugal Patterns Linger Amid High Costs, But Up M/M After Pullback
–Spending on Ceremonies Down; Move to Discount Mobile Phone Plans Continues–Traveling, Eating Out Remain Strong in Absence of Covid Restrictions –Real Household Income Posts 11th Straight Y/Y Drop on Elevated Costs Despite Nominal Wage Hikes By Max Sato (MaceNews) – Japan’s real household spending posted its sixth straight drop on the year in August as […]
Preview: BOJ September Tankan to Show Modest Improvement in Major Manufacturers’ Sentiment
–Supply Chain Recovery Supports Auto Industry but Silicon Demand Sluggish –Eased Covid Rules Helping Services Sector While High Costs Hurting Consumers –December Business Confidence Seen Flat to Slightly Lower –FY23 Capex Plans Among Large, Small Firms Expected to Be Revised Up Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]