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 […]
BOJ Keeps Easing Stance, To Defend 10-Year JGB Yield at 0.25% in Daily Fixed-Rate Buying Operations
–BOJ Vows to Keep Monetary Support Until 2% Inflation Achieved Despite Weak Yen –Japan Economy Likely to Recover As Pandemic Impact, Supply Bottlenecks Ease –BOJ Board: Core CPI Y/Y Up 1.9% in FY22 Before Slowing to 1.1% in FY23 As Energy Effects Wane By Max Sato (MaceNews) – The Bank of Japan said Thursday it […]
Japan March Retail Sales Rebound as Govt Eases Covid Restrictions 
–METI Repeats Retail Sales Are Flat After Downgrading Its View in February –Department Store Sales Rebound, Fuels Up, Demand for Medicine, Cosmetic Solid By Max Sato (MaceNews) – Japanese retail sales rebounded on the year in March while marking the first monthly rise in four months as the government eased public health restrictions and the […]
Japan March Industrial Output Up Slightly on Reopening Demand Amid Easing Covid Effects
–METI Keeps View: Factory Output Shows Signs of Pickup –METI: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted the second straight month-on-month rise in March as reopening demand for chip-making equipment and other machines amid easing Covid effects offset a decline in auto output caused […]