<strong>Japan Q4 Modest GDP Growth Led by Net Export Rise after Service Import Surge Caused Q3 Contraction</strong>
–Q4 GDP Rise Smaller Than Expected as Private Inventories Drop Sharply –Consumption Up on Eased Covid Rules, Travel Subsidies After Flat Growth in Q3 –Capex Posts Pullback as Expected but Potential Demand for Investments Solid –Q1 GDP Seen Supported by Consumption Amid Slowing Global Demand By Max Sato (MaceNews) – Japan’s gross domestic product for […]
<strong>Preview: Japan Q4 GDP to Post Solid Rebound on Consumption, Net Exports After Surprise Q3 Contraction</strong>
–Consumption Resilient Thanks to Eased Covid Rules, Travel Support Program –External Demand to Lead Growth as Impact of Q3 Service Import Surge Wanes –Q4 Capex May be Down in Reaction to Strong Gains in Previous 2 Quarters –Q1 GDP Growth Seen Led by Consumption but Inflation, Slowing Global Demand Remain Headwinds By Max […]
<strong>Analysis: Japan PM Kishida Seeking Monetary Policy Balance Between Continuity and Gradual Shift from Abenomics</strong>
–Reports Say Kishida Picks Academic Kazuo Ueda to Succeed Kuroda By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida appears to have picked an academic candidate with some policymaking experience to replace retiring Bank of Japan Governor Haruhiko Kuroda in a surprise choice that could prompt a gradual departure from the decade-old reflationary Abenomics […]
<strong>Japan January Producer Inflation Eases to Below 10% as Fuels, Lumber Prices Drop, Firmer Yen Lowers Import Costs</strong>
–Upwardly Revised +10.5% Y/Y in December 2022 Now 42-Year High By Max Sato (MaceNews) – Producer inflation in Japan eased in January as energy and commodity markets turned softer on slowing global demand and the recent rebound in the yen helped lower import costs, but the annual rate just under 10% indicates firms are still […]
<strong>Japan December Household Spending Slips on Discount Mobile Phone Plans; Covid Spike, Inflation Spoil Yearend Parties </strong>
–Spending on Hotels, Transport Continues Rising on Govt Tourism Support –October-December Household Spending Rebounds, Indicating Consumption Supported Expected Q4 GDP Solid Growth –Spending in 2022 Marks 2nd Straight Annual Rise, Showing Pickup from Pandemic Slump –December Real Household Income Posts 3rd Straight Y/Y Drop as Inflation Bites By Max Sato (MaceNews) – Japan’s real household […]
<a href="https://craft.macenews.com/admin/entries/stories/52434-december-jobless-rate-stays-at-2-5-y-y-job-creation-continues-on-tourism-support-program">December Jobless Rate Stays at 2.5%; Y/Y Job Creation Continues on Tourism Support Program</a>
–Fewer Job Losses on Month but Number of People Who Start Looking for Work Rebounds, Keeping Unemployment Steady–Employment Growth Posts 5th Y/Y Straight Gain, Let by Hotels, Restaurants–Unemployed Marks 18th Straight Y/Y Drop; Now Below January 2020 Level (MaceNews) – Japan payrolls posted their fifth straight year-over-year growth in December as the tourism industry continued […]
Japan December Retail Sales Post Solid Gain; Freezing Weather Boosts Clothing Demand
–METI Keeps View: Retail Sales Picking Up; Sales Rebound on Month–Retail Sales Continue Rising Q/Q in Q4, Annual Pace Accelerates in 2022–Department Store Sales on Recovery Track, Shrinking Drop from Pre-Pandemic Levels–Demand for Cosmetics, Drugs Remains Strong; Auto Sales Dip After Recent Pickup By Max Satp (MaceNews) – Japanese retail sales posted the 10th straight […]
Japan December Industrial Output Nearly Flat on Slower Global Demand; Decline Smaller Than Expected
–METI Survey: Output Likely to Slump in January, Rebound in February–METI Keeps View After 2nd Straight Downgrade: Output Has Weakened–METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production was nearly flat in December on cooling global demand, but down by a smaller-than-expected […]
<strong>Japan December Tokyo Core CPI Up 4.3% Y/Y, A Fresh 41-Year High on Soaring City Gas Charges, Smaller Hotel Fee Drop</strong>
–Total CPI Jumps 4.4% Y/Y, Highest in Over 41 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) Also Surges 3.0%, More Than 30-Year High By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued their relentless surge above 4% in […]
<strong>BOJ January Meeting Summary: Economy Still Needs Easy Policy Support for Sustainable Wage Growth</strong>
–Members Agree Cost-Push Price Pressures to Wane in FY23, Need Demand-Pull Inflation for Price Stability –Members See Need to Assess Costs and Benefits of Super-Low Interest Rates in Future but Not Now By Max Sato (MaceNews) – Bank of Japan board members agreed that the economy still needs very accommodative monetary policy support for sustainable […]