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 […]
Japan Govt Keeps View on Moderate Economic Recovery Amid Elevated Costs for Daily Necessities
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall assessment, saying the economy is recovering moderately thanks to wage hikes, but noted that high costs for daily necessities are eroding purchasing power of households, particularly among lower income families, according to its monthly report released by the Cabinet Office. In its September report, […]
BOJ Repeats Vow to Maintain Monetary Easing Patiently to Seek Stable 2% Inflation with Wage Growth
–BOJ Board Keeps Basic Easing Stance Unanimously After Allowing Greater Flexibility in July By Max Sato (MaceNews) – The Bank of Japan said Friday its policy board decided unanimously to maintain its monetary easing stance, keeping its zero to slightly negative interest rate targets along the yield curve as well as large asset purchases to […]
Japan August Core CPI Annual Rate Steady at 3.1% on Elevated Processed Food Prices; Energy Down Further on Utilities
–Processed Food Prices Still 9% Above Year-Earlier Levels, Hotels Up Sharply on Travel Demand –Total CPI Moderates to +3.2% Y/Y from +3.3% due to Smaller Fresh Food Price Rise –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Remains at 42-Year High of 4.3% By Max Sato (MaceNews) – Consumer inflation in Japan was largely steady in […]
Japan Aug Exports Post 2nd Straight Drop Despite Solid Automobile Demand in US, Europe; Volumes Continue to Shrink on Slower Global Growth
–Imports Mark 5th Straight Y/Y Fall on Easing Energy Prices –Exports to China Record 9th Straight Y/Y Drop due to Declines in Iron and Steel, Mineral Fuels; Semiconductors Rebound By Max Sato (MaceNews) – Japanese export values posted a smaller-than-expected drop in August after marking their first year-over-year decline in 29 months in July amid […]
Japan July Core Machine Orders Slip Back on Lower Demand for Computers from Many Industries
–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, posted a slight pullback on the month in July, as largely expected, after rebounding in June and slumping in May, amid sluggish demand for computers from many industries including electric […]
Japan August Producer Inflation Eases Further 3.2% Y/Y from July’s 3.4% on Utility Subsidies, Plunging Lumber Prices
–Producer Prices Post 2nd Straight M/M Rise on Higher Fuel Costs, Sustained Rebound in Non-Ferrous Metals –August’s 3.2% Y/Y Rise Stays Lowest Since 1.0% in March 2021 –December 2022’s 10.6% Surge Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the eighth straight month in August, staying at […]