<strong>BOJ Q4 Tankan: Major Manufacturers’ Sentiment Dips, Services Up; Most Sectors Cautious Ahead</strong>
–Manufacturers Cautious Amid Global Slowdown, Elevated Costs –Govt Travel Discount Scheme, Eased Covid Border Rules Support Services –Business Confidence Seen Dimmer in March as Uncertainties Linger –Large Firms Revise Down FY22 Capex Plans but Still See Close to 20% Rise Over FY21 –Small Firms Continue Revising Up FY 22 Capex Plans but Lower Than Expected […]
<strong>Preview: BOJ December Tankan Manufacturers Sentiment Seen Down Further, Services Up on Tourism Promotion</strong>
–Govt’s New Travel Discount Program Supporting Consumer Spending –Businesses Seen Cautious About Climate in March Amid Global Slowdown –Smaller Firms Expected to Continue Revising Up Combined FY22 Capex Plans By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among major manufacturers in Japan drifted lower for […]
<strong>Japan November Producer Inflation Eases Only Slightly as Utilities Up Nearly 50% Y/Y, Iron and Steel Prices Remain Elevated </strong>
–September’s Annal Rate Revised to +10.3% from +10.2%, Remains Highest in 41 Years –Weak Yen Continues Boosting Import Costs for Producers but at Slower Pace Amid Dollar Pullback By Max Sato (MaceNews) – Producer inflation in Japan eased only slightly in November from an upwardly revised gain in October and a 41-year high in September […]
<strong>Japan Q3 GDP Contraction Shrinks on Inventory Rise, Smaller Net Export Drop</strong>
–After Annual Revisions, Economy Has Now Slipped Every Other Quarter Since Q1 2021 –Consumption Slower but Resilient Despite Covid Spike at Peak of Summer –Capex Demand for FY22 Solid Amid Digital, Green Transformations –Q4 GDP May Rebound on Fiscal Support but Global Uncertainties Remain By Max Sato (MaceNews) – Japan’s gradual economic recovery led by […]
<strong>Japan October Household Spending Posts 5th Straight Y/Y Rise; Keeps M/M Gain Despite Signs of 8th Covid Wave </strong>
–Spending on Traveling, Dining Out Stays Above Year-Earlier Levels on Reopening Economy –Real Household Income Dip; Real Wages Down Amid Widespread Retail Price Hikes By Max Sato (MaceNews) – Japan’s real household spending posted the fifth straight year-on-year rise in October and maintained a gain on the month as people continued to eat out, shop […]
<strong>Preview: Japan Q3 GDP Drop Seen Revised Up Slightly on Firmer Capex</strong>
–Q3 Contraction Caused by Surge in Imports, Large Service Payments Overseas –Consumption Slower but Resilient Despite Covid Spike at Peak of Summer –Capex Demand for FY22 Solid Amid Digital, Green Transformations –Q4 GDP May Rebound on Fiscal Support but Global Uncertainties Remain By Max Sato (MaceNews) – Japan’s gradual economic recovery led by resilient consumption […]
<strong>Japan October Industrial Output Slumps Amid Slowing Global Demand, in Reaction to Earlier Gains</strong>
–METI Survey: Output Likely to Dip in November, Rise in December –METI Downgrades View: Output Picking Up Gradually but Shows Weakness in Some Areas –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the second straight monthly drop in October, hit […]
<strong>Japan October Retail Sales Keep Solid Y/Y Gain on Eased Covid Rules; Nearly Flat M/M on Price Hikes </strong>
–METI Keeps View After Recent Upgrade: Retail Sales Picking Up –Department Store Sales on Recovery Track but Still Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Picking Up By Max Sato (MaceNews) – Japanese retail sales posted their eighth straight year-on-year increase in October, led by wide-ranging price hikes, but lower Covid […]
<strong>Japan October Jobless Rate Steady at 2.6% as Tourism Hires More on Eased Border Rules, Travel Subsidies </strong>
–Fewer People Quit on Month to Seek Other Openings, More Start Looking for Work –Employment Growth Up Sharply, Posting 3rd Y/Y Straight Gain –Unemployed Marks 16th Straight Y/Y Drop; Still Above January 2020 Level By Max Sato (MaceNews) – Japanese payrolls posted third straight year-on-year growth in October while the unemployment rate was unchanged at […]
<strong>Japan November Tokyo Core CPI Up 3.6% Y/Y, New 40-Year High on Rising Processed Food Costs </strong>
–Total CPI +3.8% Y/Y Highest in 32 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) +2.5% Remain 31-Year High –Processed Food Price Rise Largest Factor as Overall Energy Moderates By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued their […]