Japan April CPI Jumps as Mobile Phone Fee Discount Effects Fade; Energy, Food Up
–Core CPI +2.1% Y/Y Largest in Over 13 Years If 2014 Sales Tax Hike Impact Excluded–Total CPI +2.5% Y/Y Largest in Over 30 Years Excluding Impact of 2014, 1997 Sales Tax Hikes–Energy Costs High but Easing; Household Durable Goods Prices Post 1st Y/Y Rise in 6 Months By Max Sato (MaceNews) – Consumer prices in […]
Japan April Exports Continue Rising on Reopening Demand but Shipments to China Dip
–Exports at 2nd Highest Amount After Hitting Record High in March–Imports at Fresh Record High on Energy, Leading to 9th Straight Trade Deficit–Exports to China Mark 1st Y/Y Drop in 3 Months on Covid Lockdowns By Max Sato (MaceNews) – Japanese exports continued rising sharply from year-earlier levels in April after hitting a record high […]
Japan March Machine Orders Rebound but Down in Q1; Further Drop Seen in Q2 Amid Uncertainty
–Japan Govt Keeps View: Pickup in Machine Orders Stalling By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded sharply in March after plunging in February, but they fell at a faster pace than officially projected in the first quarter of 2022 and a further decline is […]
Japan Q1 GDP Slips on Import Surge but Domestic Demand Resilient Despite Covid Spike
–Private Consumption Flat Vs Sharp Drop Forecast, Capex Rise Solid–Imports Jump on Covid Vaccine Purchases, Outpacing Export Growth–Q2 GDP Rebound Expected but High Costs, Supply Constraints Linger By Max Sato (MaceNews) – Japan’s economy contracted slightly in the January-March quarter after a sharp rebound in October-December as a surge in imports pushed down net exports, […]
BofA Global Research Fund Manager Survey: Global Investors Load Up On Cash, Shun Tech in May As Extreme Bearishness Permeates Sentiment
— Highest Cash Levels since 9/11— Biggest Tech Short since August 2006 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors loaded up on cash and shunned the tech sector in May as extreme bearishness permeated market sentiment, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Average cash balances […]
Preview Update: Japan Q1 GDP Contraction Seen Amid Covid Restrictions, Supply Delays
–Consumption Hit by Public Health Rules During Most of January-March –Capex Slower on Supply Constraints, High Producer Costs Amid Ukraine War –Q2 GDP Rebound Expected as Economy Reopens but Uncertainty Lingers –Japan GDP Report at 19:50 ET Tuesday By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter is forecast by economists […]
Japan April Producer Inflation Hits Fresh 41-Year High of 10% on Crude Oil, Steel, Metals
–Japan April Producer Prices Also Jump 1.2% on Month on Naphtha, Fuel Oil–BOJ Sees Core CPI Temporarily Up at 2% in Fiscal 2022 But Not Anchored By Max Sato (MaceNews) – Producer inflation in Japan surged to a fresh 41-year high, hitting10% in April as the year-on-year increase in crude oil, steel products and non-ferrous […]
Japan March Household Spending Rebounds M/M on Eased Covid Rules
–Spending Posts 1st Y/Y Drop in 3 Months as People Cook Less at Home –January-March Spending Dips Q/Q, Hit by Omicron-led Spike in Covid Cases By Max Sato (MaceNews) – Japan’s real household spending posted the first month-on-month rise in three months in March as the government eased public health restrictions and the weather improved […]
Japan April Tokyo CPI Jumps to Around 2% as Mobile Phone Charge Discount Base Effects Ease Off 
–BOJ Board Sees CPI Jump in FY22 as Temporary; FY23 CPI to Slip Back to 1% –Utilities, Food Prices Lead Inflation; Impact of Energy Market Spike Seen Fading Next Year –Energy Prices Post 1st Slowing in Current Y/Y Rise Phase; Govt Subsidies Capping Gasoline Markups By Max Sato (MaceNews) – The year-on-year rise in consumer […]
US ISM Manufacturing Growth Slows in April on China Lockdowns, High Prices
–ISM: Manufacturing Sector at Pause as Buyers Wait for Prices to Come Down –ISM: Supply Constraints Not Getting Worse; ‘Very Concerned’ Over China Port Situation –ISM: No Indication of Softening Demand in US Despite Q1 GDP Contraction By Max Sato (MaceNews) – US manufacturing activity growth slowed in April, hit by labor shortages, high prices […]