JAPAN MOF SURVEY: Q3 CAPEX REMAINS WEAK; REVISION TO GDP CAPEX DATA SEEN LIMITED
By Max Sato (MaceNews) – Business investment in equipment by many Japanese companies remained depressed in the July-September quarter, compared to year-earlier levels, but the pace of decline decelerated from the previous three-month period, a quarterly survey by the Ministry of Finance released Tuesday showed. This may prompt the Cabinet Office to make only a […]
JAPAN OCT FACTORY OUTPUT POSTS 5TH STRAIGHT M/M RISE, REMAINS ON PICKUP TREND
By Max Sato (MaceNews) – Japan’s industrial production continued chugging along in October for the fifth consecutive monthly rise, recovering much of the pandemic-triggered slump as solid demand for general machinery and automobiles more than offset lower output of electronic parts and devices, preliminary data released Monday by the Ministry of Economy, Trade and Industry […]
JAPAN NOV TOKYO CORE CPI POSTS LARGEST Y/Y DROP IN OVER 8 YEARS AMID SLIDING ENERGY COSTS
By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a larger-than-expected drop in November, amid falling energy prices and a controversial government program to support the pandemic-hit tourism industry with hotel and transport discounts, data from the Ministry of Internal Affairs and Communications released Friday showed. The […]
JAPAN OCT CPI DROP DEEPER ON WEAKER ENERGY, GOVT-FINANCED TRAVEL DISCOUNTS
By Max Sato (MaceNews) – Japanese consumer prices posted a sharper drop in October as energy costs were slow to recover amid the global pandemic and the government campaign to save the hard-hit tourism industry by subsidizing hefty discounts had a wider impact, data from the Ministry of Internal Affairs and Communication released Friday showed. […]
BoA GLOBAL MANAGER SURVEY: VACCINE HOPES, ELECTION, IMPROVED MACRO OUTLOOK BOOST INVESTOR SENTIMENT
By Vicki Schmelzer NEW YORK (MaceNews) – COVID-19 vaccine hopes, U.S. election results and an increasingly positive world macro outlook boosted investor sentiment in November, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In November, a net 91% of fund managers looked for global growth to strengthen in […]
ANALYSIS: JAPAN FACES SLOW RIDE BACK TO PRE-COVID LEVEL OUTPUT
By Max Sato (MaceNews) – With luck, Japan’s economy has recovered about half of lost output amid the global pandemic and its momentum is lingering into the current quarter, but it is likely to lose steam in the New Year and could contract again. For an economy heavily dependent on China as a consumption and […]
JAPAN Q3 GDP RECOVERS HALF OF PANDEMIC-CAUSED RECORD PLUNGE IN Q2
By Max Sato (MaceNews) – Japan’s economy for the July-September quarter surged 5.0% on quarter, or an annualized 21.4%, led by a rebound in net exports and consumer spending, but it only recovered just over a half of a record plunge in April-June amid the pandemic-triggered slowdown, Cabinet Office data released Monday showed. The first […]
STATUS CHECK COMMENTARY- DIVERSITY OF OPINION OR MUTUAL HATRED?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Quote of the week: “You know what’s really uncomfortable and annoying? When you die.” That’s New Jersey Gov. Phil Murphy, of course. The quote has been played through the day cablewise so it’s […]
JAPAN Q3 GDP FORECAST TO SHOW SOME RECOVERY FROM Q2 PLUNGE
By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists to show a 4.4% rise on quarter, or an annualized 19.0%, led by a rebound in net exports and consumer spending, recovering about half of the 7.9% plunge (28.1% annualized) in April-June caused by the pandemic. The median […]
JAPAN SEPT HOUSEHOLD SPENDING DOWN Y/Y BUT Q3 RISE TO SUPPORT GDP GROWTH
By Max Sato (MaceNews) – Japan’s household spending in September continued to slump from a year earlier, hit by the October 2019 sales tax hike and the global pandemic, but a quarter-on-quarter gain indicates consumption supported solid GDP growth after a third consecutive contraction through April-June, data released Friday by the Ministry of Internal Affairs […]