Japan Government Sees Soft Spots in Economy in its 1st Downgrade of Overview in 11 Months as Global Demand Cools
By Max Sato (MaceNews) – Japan’s government Wednesday downgraded its economic assessment for the first in 11 months, citing slower growth in exports amid weaker global demand, while maintaining its view that modest recovery is in place, according to its monthly report released by the Cabinet Office. In its January report, the government said the […]
<strong>Japan December Exports Continue Slowing Amid Lower Global Demand; Trade Deficit Hits Record in 2022 </strong>
–Japan Posts 17th Straight Month of Trade Deficit on Oil, Gas Import Costs–Exports to US Remain High After Hitting Record High in October –Exports to China Mark 1st Y/Y Drop in 7 Months Amid Renewed Covid Spike in China By Max Sato (MaceNews) – Growth in Japanese export values lost more steam in December on […]
<strong>BOJ Keeps Easing Stance Amid Slowing Global Growth, Expects Cost-Push Inflation to Lose Steam in FY23</strong>
–Board Sees 3% Core CPI Rise in FY22 to Slow to 1.6% in FY23, 1.8% in FY24 –Board Revises Down GDP Forecasts to 1.9% in FY22, 1.7% in FY23, 1.1% in FY24 By Max Sato (MaceNews) – The Bank of Japan said Wednesday its policy board decided unanimously to maintain its basic monetary easing stance, […]
Japan December Producer Inflation Remains Elevated as Utilities Up Over 50% Y/Y, Steel, Paper Still Costly
By Max Sato –Annual Rate +10.3% in September 2022 Remains Highest in 41 Years–Weak Yen Continues Boosting Import Costs for Producers but at Slower Pace Amid Recent Dollar Pullback (MaceNews) – Producer inflation in Japan popped above 10% in December as utility charges stood over 50% above year-earlier levels and firms continued passing higher costs […]
<strong>Japan December Tokyo Core CPI Up Above-Forecast 4.0% Y/Y, Sets Another 40-Year High on Widespread Markups</strong>
–Total CPI Also Jumps 4.0% Y/Y, Highest in 41 Years With or Without Effects of 2014, 1997 Sales Tax Hikes –Narrow CPI (Ex-Fresh Food, Energy) +2.7%, 30-Year High, As Expected By Max Sato (MaceNews) – Consumer prices in Tokyo, the leading indicator of the national average, continued rising at the fastest pace in decades in […]
<strong>Japan November Household Spending Sluggish Amid Surging Costs for Daily Necessities, Mild Weather </strong>
–Govt Official: Household Spending Trend Flat If Special Factors Excluded –Spending on Hotels, Transport Stays Above Year-Earlier Levels –Real Household Income Dips but at Slower Pace; Real Wages Down Amid Retail Price Markups By Max Sato (MaceNews) – Japan’s real household spending was sluggish both on the month and year in November as many families […]
<strong>BOJ December Meeting Summary: Must Keep Easing Stance to Help Wage Hikes, Stable 2% Inflation</strong>
–Concerned About Weakened Bond Market Functions, Board Members Argue for Expanding JGB Yield Trading Range –Members See JGB Range Adjustment as Not Tightening –Members Also Discuss Eventual Exit from Easing in Future with No Specifics By Max Sato (MaceNews) – Bank of Japan board members argued that the bank should maintain its easing stance to […]
<a href="https://craft.macenews.com/admin/entries/stories/50474-japan-november-industrial-output-slips-on-slower-global-domestic-demand-as-supply-constrains-ease">Japan November Industrial Output Slips on Slower Global, Domestic Demand as Supply Constrains Ease</a>
–METI Survey: Output Likely to Slide Further in December, January–METI Downgrades View for 2nd Straight Month: Output ‘Weaker’ Vs. ‘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 a third straight monthly drop […]
<strong>Japan November Retail Sales Slow Amid Concerns Over 8th Covid Wave, Lower Fuel Prices </strong>
–METI Keeps View: Retail Sales Picking Up; Sales Dip on Month but 3-Month Moving Average Up –Department Store Sales Recovery Pace Slows; Below Pre-Pandemic Levels –Demand for Cosmetics, Drugs Remains Strong; Auto Sales Pickup Slows By Max Sato (MaceNews) – Japanese retail sales posted the ninth straight year-on-year increase in November, with the pace of […]
<strong>Japan November Jobless Rate Dips to 2.5% as Fewer People Look for Work; Jobs Up Y/Y on Eased Border Rules, Travel Subsidies </strong>
–More People Quit on Month to Seek Other Openings but Number of People Who Start Looking for Work Falls Faster –Employment Growth Posts 4th Y/Y Straight Gain, Let by Hotels, Restaurants –Unemployed Marks 17th Straight Y/Y Drop; Still Above January 2020 Level By Max Sato (MaceNews) – Japanese payrolls posted their fourth straight year-on-year growth […]