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 […]
Japan August Jobless Rate Steady at 2.7% as Some Women Find Jobs After Joining Labor Market in July
–Job Cuts, Retirements Dip, Fewer People Begin Looking for Work but Number of Those Who Quit for Other Openings Rise Further –Employment Up Y/Y for 13th Straight Month, Led by Hotels, Restaurants, Medicals Services, Construction; Manufacturing Jobs Slip –Number of Unemployed Posts 2nd Straight Y/Y Rise By Max Sato (MaceNews) – Japanese payrolls posted their […]
Japan September Tokyo Core CPI Annual Rate Eases to 14-Month Low of 2.5% in August as Utility Costs Slump, Processed Food Prices Show Signs of Easing
–Processed Food Prices Continue to Lead Consumer Inflation, Pushing Up CPI Annual Rate by Nearly 2 Percentage Points –Total CPI Annual Rate Also Moderates to 12-Month Low of 2.8% from 2.9% in August after Hitting 41-Year High of 4.4% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 3.8% from 41-Year High of […]
Japan August Industrial Production Flat as Higher Fuel Output Offsets Pullback in Auto Industry After Recent Gains
–METI Survey: Output Likely to Rise in Both September and October –METI Keeps View After July Data Downgrade: 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 came in slightly firmer than expected in August, being unchanged […]
Japan August Retail Sales Continue to Post Sharp Y/Y Rise on Heat Wave
Auto Demand, Recovering Department Stores on Influx of Foreign Visitors, –METI Keeps View: Retail Sales on Gradual Uptrend–High Prices of Food and Beverages Supporting Overall Retail Sales –Sales of Apparal, Appliances, Fuels Maintain Rebound Seen in July By Max Sato (MaceNews) – Japanese retail sales maintained high growth on the year in August as the […]