Japan Govt Keeps Its View on Moderate Economic Recovery After Downgrade Last month, March BOJ Rate Hike as Many Firms Offer Higher Wages to Secure Workers
Japan sees moderate recovery continuing
Japan February Core CPI Annual Rate Accelerates to 2.8%, as Expected, After Easing to 2.0% in January as Base-Year Effect of Utility Subsidies Has Waned
Japan core CPI accelerates
Update: BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control as Officials See Faster Wage Hikes This Year
–Update adds comments from BOJ Governor Ueda–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its seven-year-old yield curve control framework and lift the overnight […]
BOJ Conducts Its 1st Rate Hike Since 2007, Ends Yield Curve Control in Light of Clear Signs of Faster Wake Hikes This Year
–Overnight Rate Target Raised to A Range of 0% to 0.1% from -0.1% in 7-to-2 Vote–BOJ Stops Targeting 10-Year JGB Yield After Capping it Around 1% But Continues Buying JGBs in 8-to-1 Vote By Max Sato (MaceNews) – The Bank of Japan said Tuesday its nine-member board decided in a majority vote to end its […]
White House and Other Schedules for Monday, March 18
WASHINGTON (MaceNews) – The following are Monday’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 FOR MONDAY, MARCH 18, 2024 The President and the First Lady will host a Women’s History Month reception at the White […]
Japan January Core Machine Orders Dip M/M on Weak Manufacturing Demand, Prompting Downgrade in Cabinet Office View
–January Weakness Partly Due to Suspended Vehicle Output Amid Safety Test Scandal–Core Orders Mark 11th Straight Y/Y Drop Despite Solid Capex Plans–Cabinet Office: Machine Orders Have Weakened Vs. Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, fell 1.7% on the month in January, hit […]
Preview update: Bank of Japan Likely to End Yield Curve Control, Raise Rates Next Week as First Estimate from Union Group Points to High Pace of Wage Hikes
By Max Sato (MaceNews) – The Bank of Japan’s nine-member board is expected to decide in a majority vote at its March 18-19 meeting to end its seven-year-old yield curve control framework and lift the minus 0.1% short-term rate target to a range of zero to 0.1%, which would be the bank’s first rate increase […]
Preview: Bank of Japan Edging Closer to Ending Yield Curve Control Framework, Raising Rates amid Reduced Risk of Economy Slipping Back into Deflation
By Max Sato (MaceNews) – The Bank of Japan board appears ready to end its seven-year-old yield curve control framework and lift the negative short-term interest rate target, either this month or next, as widespread labor shortages are prompting major firms to accept higher wage hikes during their annual talks with unions, which the board […]
Japan February Producer Inflation Picks Up to +0.6% Y/Y from January’s +0.2% in Largely Flat Trend as Base Effect of Utility Subsides Wanes
—Producer Inflation Has Slowed from Recent Peak of +10.6% in December 2022 –Producer Prices +0.2% M/M on Utilities, Non-Ferrous Metals; Fuel Costs Still Down By Max Sato (MaceNews) – Producer prices in Japan rose 0.6% on the year in February, just above the consensus call of a 0.5% gain and accelerating from a 0.2% rise […]
Japan Q4 GDP Revised Up to Slight Growth from 2nd Straight Contraction, Led by Capex, but Consumption Remains Weak amid High Costs
–Upward Revision to Business Investment from Slight Drop Smaller Than Expected; Domestic Demand Still Down–Private Consumption Weaker, Private-Sector Inventories Revised Down–Net Exports Rebound Intact, Public Works Fall Revied Down as Expected–Q1 GDP Growth Seen Sluggish as Inflation Keeps Real Wages Down, Labor Shortages Linger By Max Sato (MaceNews) – Japan’s economy narrowly averted a second […]