White House and Other Schedules for Monday, Jan 15
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, JANUARY 15, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan November Household Spending Posts 9th Straight Y/Y Drop in Reaction to October Rise in Home Repairs, Car Purchases
–Eating Out Continues; Demand for Winter Clothing, Heaters Picks Up as Cold Weather Replaces Prolonged Heat Wave –Real Household Income Posts 14th Straight Y/Y Drop on Elevated Costs By Max Sato (MaceNews) – Japan’s real household spending posted its ninth straight drop on the year in November, down a larger-than-expected 2.9%, after a 2.5% dip […]
Japan November Industrial Production Posts 1st Drop in 3 Months in Payback for Recent Gains in Autos, General Machines, Lower Orders for Electronic Equipment
–METI Survey: Output Likely to Post Solid Rebound in December, Drop Sharply in January –METI Official: Impact of Production Halt by Automaker Daihatsu Over Its Safety Test Scandal May Be Widespread–METI Keeps View: Output Taking One Step Forward, One Step Back –METI Repeats: To Watch Effects of Downside Risks to Global Growth, Rise in Inflation […]
Japan November Retail Sales Y/Y Rise Picks Up on Solid Demand for Vehicles, Appliances
–METI Keeps View: Retail Sales on Gradual Uptrend –High Prices for Food, Beverages Supporting Overall Retail Sales –Department Store Sales Up on Winter Clothing, Strong Inbound Spending By Max Sato (MaceNews) – Japanese retail sales continued to post a solid gain on the year in November, up 5.3%, backed by solid demand for vehicles and […]
Bank of Japan December Meeting Summary: Wait to See Signs of Sustained Wage Hikes in Fiscal 2024 Before Considering Rate Hike
–Members Agree BOJ Needs to Maintain Easing to Support Positive Wages-to-Prices Cycle –A Few Members Warn Against Being Complacent about Upside Risks to Inflation By Max Sato (MaceNews) – Bank of Japan board members argued that they should wait until next spring (from March to May) to confirm whether annual labor talks will lead to […]
Japan November Jobless Rate Unchanged at 2.5% After Improving for 2nd Straight Month in October
–Higher Job Losses, Retirements on Month Offset by Fewer Quits for Other Openings, Flat New Job Seekers –Employment Up on Year for 16th Straight Month; Surge Led by Rebound in Manufacturing, Medical/Welfare Services –Hotels, Restaurants Continue Hiring Workers; Construction Jobs Down for 2nd Straight Month After Recent Gains –Number of Unemployed Posts 1st Year-on-Year Rise […]
Japan November Exports Post 1st Y/Y Dip in 3 Months on Softer Demand for Iron/Steel, Chip-Making Equipment but Autos Remain Up
–Imports Mark 8th Straight Y/Y Fall on Easing Energy Import Costs –Exports to China Down for 12th Straight Month on Semiconductors; Pace of Decline Slows –Exports to US Post 26th Straight Y/Y Rise; Those to EU Dip For 1st Time in 33 Months By Max Sato (MaceNews) – Japanese export values came in weaker than […]
Japan Govt Keeps View on Moderate Economic Recovery with Some Soft Spots After Last Month’s Downgrade Amid Sluggish Capex
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall assessment after downgrading it last month for the first time in 10 months in light of sluggish capital investment, saying the economy is still recovering moderately but that the pickup in some areas is pausing, according to its monthly report released by the Cabinet […]
BOJ Keeps Easing Stance Under Yield Curve Control Framework After Making It More Flexible in Oct, July
–BOJ Repeats: To ‘Patiently’ Pursue Stable 2% Inflation –BOJ Maintains Negative Short-Term Rate, Zero Long-Term Rate; Keeps 1% Loose Upside Limit on 10-Year JGB Yield By Max Sato (MaceNews) – The Bank of Japan said Tuesday its policy board decided unanimously, as widely expected, to maintain its seven-year-old yield curve control framework and retain its […]
Japan October Core Machine Orders Post 2nd Straight M/M Rise on Persistent Digitization Demand but Computer Orders Mixed After Recent Gains
–Core Orders Mark 8th Straight Y/Y Drop Despite Solid FY23 Capex Plans –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, unexpectedly posted a second straight monthly gain in October, up 0.7%, after rebounding an above-forecast 1.4% in September […]