Japan February CPI Back on Gradual Rising Path, Led by Energy, Food
–Both Core and Total CPI Measures Mark 6th Straight Y/Y Gains –Utilities Continue Pushing Up Energy; Durable Goods on Downtrend –Hotel Fees Pick Up in February After Base Effects Fade in January –CPI Could Come Under Pressure Again If Govt Resumes Travel Subsidies By Max Sato (MaceNews) – Core and total consumer prices in Japan […]
Analysis: Japan PM Kishida to Face Bad Economic News After Omicron Storm
–Economists Revise Down Forecasts to Show Slight Contraction in 1Q By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida is likely to face bad news on the economic front after barely surviving voter frustration over public health restrictions imposed about two months ago aimed at fighting a surge in Covid infections caused by the […]
Strong Earthquake Hits Northeastern Japan, Causing Power Cuts
–Tokyo Electric Monitoring Spent Nuclear Fuel Facilities in Fukushima (MaceNews) – A powerful earthquake shook the northeastern Tohoku region in Japan late on Wednesday, triggering tsunami warnings along the Pacific coast of Miyagi and Fukushima, two prefectures hit hard by the 2011 earthquake and tsunami disaster. The 7.3 magnitude tremor struck 60 km below the […]
Japan February Exports Post 12th Straight Y/Y Rise After Slower January Growth
–Imports Up on Rising Energy Prices, Leading to 7th Straight Trade Deficit –Exports to China Rebound After Irregular Shipments Around Lunar New Year –Auto Exports Rebound Amid Lingering Supply Constraints By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 12th straight month in February, picking up from slower growth in […]
Text: G7 Details Current and Future Sanctions Vs Russia
WASHINGTON (MaceNews) – The following is the joint statement statement Friday by the Group of Seven countries, detailing new current sanctions and anticipated future sanctions being imposed on Russia: We the Leaders of the Group of Seven (G7) remain resolved to stand with the Ukrainian people and government who heroically resist Russian President Vladimir Putin’s […]
Japan January Household Spending Rebounds Y/Y on Less Strict Covid Rules
–Spending in January Dips Vs. December Amid Omicron-Led Spike in Covid Cases –Ministry Sees Spending As Largely Flat, To Watch Impact of Restrictions on February By Max Sato (MaceNews) – Japan’s household spending slipped back on the month in January, hit by the drag from the Omicron-led spike in Covid cases, but posted the first […]
Japan February Producer Prices Up 9.3% Y/Y Amid High Energy Costs, Supply Bottlenecks
–Japan Producer Prices Post Rises 0.8% M/M for 2nd Straight Rise By Max Sato (MaceNews) – Producer prices in Japan continued climbing from year-earlier levels in February amid lingering global supply constraints and high fuel and electricity costs, with the pace of increase hitting a fresh 41-year high partly in reaction to a slight dip […]
Japan Q4 GDP Growth Unexpectedly Revised Down on Softer Consumption 
— Capex Shows Slight Downward Revision Vs. Projected Upward Revision — Public Works Revised Down As Expected, Its Negative Contribution Unrevised — Q1 GDP Growth Seen Slower Amid Covid Restrictions, Rising Costs, Ukraine By Max Sato (MaceNews) – Japan’s economic rebound in the October-December quarter was unexpectedly revised down slightly as consumer spending turned out […]
Preview: Japan Q4 GDP Rebound Seen Revised Up Slightly on Capex
— Private Consumption To Remain Key Growth Driver in Revised Data — Forecasts for Firmer Capex, Weaker Public Works Based on MOF Survey — Q1 GDP Growth Expected To Slow; BOJ January Consumption Index Slumps By Max Sato (MaceNews) – Japan’s economic rebound in the October-December quarter is likely to be revised up slightly as […]
Japan January Unemployment Edges Up To 2.8% Amid Covid Restrictions
— Job Cuts Y/Y Deeper in Wholesale, Retail, Education— Hospitality Jobs Up on January 2021, When Covid State of Emergency Imposed By Max Sato (MaceNews) – Job creation in Japan remained weak in January compared to a year earlier and the unemployment rate edged up from December as more people either lost their jobs or […]