Japan’s Economy Shows Resilience in February Data Amid Slowing Global Demand, Bank Failure Risks in US, Europe
–Industrial Output Rebounds Strongly on Eased Parts Supply Constraints –Retail Sales Up Sharply in Reaction to Slump a Year Ago, Waning Covid Drag –Unemployment Ticks Up as More People Quit for Better Spots, Begin Job Search By Max Sato (MaceNews) – The Japanese economy is showing resilience amid easing supply bottlenecks and waning effects of […]
<strong>Japan February Core CPI Annual Rate Slows to 3.1% from January’s 41-Year High of 4.2% as Government Expands Subsidies for Utilities </strong>
–Total CPI Slows to +3.3% Y/Y from 41-Year High of +4.3% in January, Also as Expected –Core-Core CPI (Ex-Fresh Food, Energy) Hits 41-Year High of +3.5% Y/Y, Largest Gain Since +3.5% in January 1982 By Max Sato (MaceNews) – Consumer inflation in Japan slowed significantly to just above 3% in February in two key measures […]
Japan Government Keeps View on Gradual Economic Pickup Amid Brighter Consumer Sentiment, Sluggish Factory Output
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its economic assessment that the current gradual pickup remains intact on expectations that further reopening of the economy should support consumer spending while industrial production slowed on weaker global demand, according to its monthly report released by the Cabinet Office. In its March report, the government […]
BOJ March Meeting Summary: Continue Easing to Support Stable 2% inflation, Sustained Wage Growth
By Max Sato –Board Members Also Note Side-Effects of Easing on Market Functioning–Summary Shows No Specific Debate on How BOJ Should Prepare for Eventual Exit (MaceNews) – Bank of Japan board members agreed that large-scale monetary easing should continue to support structural reforms toward sustained wage growth as the bank inches closer to achieving its […]
Major Central Banks to Boost Dollar Liquidity to Calm Market Jitters over Bank Failures
By Max Sato (MaceNews) – Six major central banks said on early Monday Tokyo time that they are enhancing their joint efforts to provide ample funds to the financial markets under the scheme launched in 2009 in the aftermath of a global credit crunch, as investor concerns are growing over the health of financial institutions […]
<strong>Japan February Exports Up After China Lunar New Year Holidays Distort Flows; Trade Deficit Narrows from Record High </strong>
–Japan Posts 19th Straight Month of Trade Deficit on High Oil, Gas Import Costs–Exports to China Mark 3rd Straight Y/Y Drop Amid Renewed Covid Spike By Max Sato (MaceNews) – Japanese export values posted only modest growth in February amid slowing global demand but picked up from January, when lunar new year holidays distorted trade […]
<strong>Japan January Machine Orders Jump, Boding Well for Modest Q1 Rebound After Q4 Dip</strong>
–After Annual Revision, Cabinet Office Sees Core Orders Up 2.9% Q/Q in Q1, Revised Down from +4.3% –Cabinet Office Maintains View: Machinery Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, jumped for a second straight monthly advance in January, after a modest gain and […]
<strong>BOJ Keeps Easing Stance to Pursue Stable 2% Inflation Target After Nearly a Decade of Flooding Markets with Cash</strong>
–March Meeting Last Scheduled One for Governor Kuroda Before His 2nd 5-Year Term Ends on April 8 –Kuroda’s 2 Deputies Will Also Retire at End of Their 5-Year Terms on March 19 –Incoming Governor, Ex-BOJ Board Member Kazuo Ueda Has Told Diet Current Easing Stance ‘Appropriate’ By Max Sato (MaceNews) – The Bank of Japan […]
<strong>Japan February Producer Inflation Eases Further to 8.2% from 9.5% on Faster Drops in Fuels, Lumber Prices Amid Slower Global Growth </strong>
–December’s 10.5% Y/Y Rise Remains Highest in 42 Years By Max Sato (MaceNews) – Producer inflation in Japan continued to ease in February as the government is trying to cap sharp increases in energy costs for both households and businesses while fuel and lumber prices fell at a faster pace amid slowing global demand, data […]
<strong>Japan January Household Spending Dips Y/Y Amid High Costs, Jumps M/M as Economy Continues Reopening</strong>
–Slight Drop Led by Lower Spending on Telecommunications Charges–Spending on Hotels, Transport Continues Rising on Govt Tourism Support Program –January Real Household Income Posts 4th Straight Y/Y Drop on High Costs for Food, Utilities By Max Sato (MaceNews) – Japan’s real household spending posted an as-expected slight drop on the year in January, with more […]