BofA Global Fund Manager Survey: Higher Inflation Worries at Odds with Reduced Recession Fears and US Rate Cut Anticipation
By Vicki Schmelzer NEW YORK (MaceNews) – Inflation concerns spiked in September and were at odds with lower recession fears and increased anticipation of Federal Reserve rate cuts, according to the findings of BofA Global Research’s monthly fund manager survey released Tuesday. In September, a net 69% of fund managers looked for lower global consumer […]
Japan Q2 GDP Surge Revised Down on Weaker Capex, Consumption, Public Works but Still Highest Among G7
–Q2’s Growth Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Seen Slowing but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June quarter was revised down […]
Preview: Japan Q2 GDP Surge Seen Revised Down on Weaker Capex, Public Works Spending
–Q2 GDP Growth Still High, Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Expected to Slow but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June […]
Japan July Household Spending Posts 5th Straight Y/Y Drop as High Food Costs Bite, Unexpectedly Slumps M/M
–Spending on Autos Slips After Recent Pickup on Improved Supply Chains –Traveling, Eating Out Remain Strong in Absence of Covid Restrictions –Real Household Income Posts 10th Straight Y/Y Drop on Elevated Costs, Despite Rise in Nominal Wages By Max Sato (MaceNews) – Japan’s real household spending posted its fifth straight drop on the year in […]
Japan July Retail Sales Surge on Solid Auto Demand, Recovering Department Stores on Influx of Foreign Visitors, Hot Weather
–METI Keeps View: Retail Sales on Gradual Uptrend–High Prices of Food and Beverages Propping Up Overall Retail Sales –Sales of Apparel, Appliances, Fuels All Post 1st Y/Y Rise in 5 Months By Max Sato (MaceNews) – Japanese retail sales jumped on the year in July, thanks to smoother deliveries of automobiles amid improving supply chains, […]
Japan July Industrial Production Slips on Sluggish Silicon Demand, Prompting METI to Downgrade View
–METI Survey: Output Likely to Dip Further in August, Post Modest Rise in September –METI Sees Output Making One Step Forward, One Step Back Vs. Showing Signs of Gradual Pickup –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production slipped back on the month in […]
Japan July Jobless Rate Unexpectedly Ticks Up to 2.7% from 2.5% in June as Job Losses Rise After Being Steady, More People Begin Looking for Work
–Number of Those Who Quit for Other Openings Also Rises –Employment Up Y/Y for 12th Straight Month, Led by Medical Services, Hotels, Restaurants, Factories, Construction –Number of Unemployed Marks 1st Y/Y Rise in 3 Months By Max Sato (MaceNews) – Japanese payrolls posted their 12th straight growth on year in July as hospitals, hotels, restaurants, […]
Japan Goverment Keeps View on Moderate Economic Recovery on Wage Hikes but Warns about China’s Wobbly Growth
–Exports Show ‘Signs of Picking Up’ By Max Sato (MaceNews) – Japan’s government Monday maintained its overall assessment, saying the economy is recovering moderately on widespread wage hikes following robust second quarter GDP data led by a rebound in net exports, but warned that China’s slow recovery from the pandemic slump is clouding the outlook, […]
Japan August Tokyo Core CPI Annual Rate Slips to 11-Month Low of 2.8% from 3.0% in July 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 11-Month Low of 2.9% from 3.2% in July after Hitting 41-Year High of 4.4% in January –Narrow CPI (Ex-Fresh Food, Energy) Annual Rate Remains at 41-Year High of 4.0% By […]
Japan July Core CPI Annual Rate Cools Off to 3.1% from June’s 3.3% on Further Drops in Utilities, Shrinking Rise in Mobile Phone Prices
–Processed Food Prices Still 9% Above Year-Earlier Levels, Hotel Fees Up Sharply on Traveling Demand –Total CPI Steady at +3.3% Y/Y, in +3.2% to +3.5% Range After Hitting 41-Year High of +4.3% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Ticks Up Further to 4.3% from June’s 4.2% By Max Sato (MaceNews) – Consumer […]