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 […]
Japan June Core Machine Orders Rebound Moderately but Slump in Q2; Official Forecast Points to Further Drop in Q3
–Cabinet Office Keeps View: Machine Orders Pausing –Q2 Core Machine Orders -3.2% Q/Q (Q1 +2.6%) Vs. Official Forecast of +4.6%; Q3 Seen Down 2.6% By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, chalked up a smaller-than-expected rebound on the month in June after slumping in May, […]
Japan July Exports Post 1st Y/Y Drop in 29 Months on Sluggish Silicon Market; Volumes Continue to Shrink on Slower Global Growth
–Imports Mark 4th Straight Y/Y Fall on Generally Easing Energy Prices –Japan Trade Balance Unexpectedly Slips Back into Deficit After 1st Surplus in 23 Months in June –Exports to China Record 8th Straight Y/Y Drop due to Declines in Autos, Semiconductors, Iron and Steel By Max Sato (MaceNews) – Japanese export values posted their first […]
Japan July Producer Inflation Eases Further to Fresh 2-Year Low of 3.6% from June’s 4.3% on Energy Subsidies, Plunging Lumber Prices
–Producer Prices Post 1st M/M Rise in 3 Months on Rebound in Fuels, Non-Ferrous Metals –July’s 3.6% Y/Y Rise Lowest Since 1.0% in March 2021 –Corporate Goods Price Index’s 10.6% Surge in December 2022 Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan eased for the seventh straight month in July, […]
Preview: Japan Q2 GDP Growth Seen Accelerating to Above 3% Annualized Rate on Net Export Rebound
–Consumption Forecast to Be Nearly Flat Amid High Costs After Recent Gains –Business Investment Seen Up for 2nd Straight Quarter but at Slower Pace –Q3 GDP Expected to Be Led by Spending on Services, Exports Uncertain Amid Slowing Global Demand By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter is forecast […]