<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 […]
<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 […]