<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 […]
<strong>Japan November Core CPI Up 3.7% Y/Y, 41-Year High, on Widespread Processed Food Markups, Elevated Utility Costs </strong>
–Processed Food Largest Inflation Factor; Energy’s Contribution Shrinks Further on Lower Gasoline –Core CPI (Ex-Fresh Food) Y/Y Rise Highest Since +4.0% in December 1981 –Core-Core CPI (Ex-Fresh Food, Energy) +2.8% Y/Y, 30-Year High, Matching +2.8% in April 1992 –Total CPI +3.8% Y/Y, Nearly 32-Year High; Largest Since +4.0% in January 1991 By Max Sato (MaceNews) […]
Japanese Government Keeps Economic Recovery Outlook on Service Sector Pickup but Warns of China’s Slowdown
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its economic recovery outlook as new subsidies for domestic travel and eased border control have shored up the service sector, mitigating softer industrial production, according to its monthly report released by the Cabinet Office. As part of its risk analysis, however, the government warned about China’s […]
<strong>BOJ Keeps Basic Easing Stance, Expands 10-Year JGB Trading Range to 0.5 Pct Point Around Zero from 0.25 Point</strong>
–BOJ Sees Current Spike in Core CPI to Ease Toward Mid-FY23 on Easing Effects of Energy, Food, Durable Goods Markups By Max Sato (MaceNews) – The Bank of Japan said Tuesday its policy board decided unanimously to allow the yield on the 10-year Japanese government bonds to rise to 0.5% from the current cap of […]
<strong>Japan October Machine Orders Rebound on Non-Manufacturing Demand, Manufacturers Remain Weak </strong>
–Govt Keeps View After Downgrade Last Month: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the first rise in three months in October, led by strong demand from non-manufacturers and reflecting solid capex plans for fiscal 2022, but uncertainty over […]
<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 […]