Japan June Core CPI Up Slightly for 2nd Straight Month on Higher Energy Costs
— Total CPI Marks 1st Y/Y Rise in 10 Months on Energy, Processed Food— Mobile Phone Fee Discounts in April Remain A Damper on CPI for Now By Max Sato (MaceNews) – Japan’s core consumer prices continued showing a modest gain in June in light of recovering overall energy costs, although gasoline prices posted a […]
Japan Govt Keeps View on Domestic Economic Pickup Led by Exports, Output
By Max Sato (MaceNews) – Japan’s government Monday maintained its view that the domestic economy is headed for recovery, noting business confidence is improving amid the uncertainty caused by the recent surge in coronavirus infections in many countries, according to its monthly report released by the Cabinet Office. The government said “signs of a pickup […]
BOJ Keeps Easing Stance; Upbeat on FY22 GDP, Sees CPI Rise on Energy
BOJ Keeps Easing Stance; Upbeat on FY22 GDP, Sees CPI Rise on Energy –BOJ To Back Climate Change Initiatives With Zero Rate Funding By Max Sato (MaceNews) – The Bank of Japan said Friday it is maintaining its stimulative policy, as expected, to help the economy climb out of the pandemic-induced doldrums and guide near-zero […]
BofA Global Research Fund Manager Survey: Global Investors’ Overall Upbeat Attitude In July Sees Still Sizable Overweights In Stocks And Commodities
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors, while much less bullish than in prior months, maintained an overall upbeat attitude in July, as evidenced by still sizable overweight holdings in stocks and commodities, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Growth expectations slipped again on the […]
Japan May Machine Orders Surge in May on Solid Capex Demand
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, powered ahead in May on solid demand for upgrading production capacity and information technology in a move to address labor shortages with automation and digitalized operations, data released Monday by the Cabinet Office showed. Orders from manufacturers marked […]
Japan Sees Rosier Consumer Sentiment While Struggling To Stop Pandemic
By Max Sato (MaceNews) – The latest surveys by the government and central bank point to a gradual pickup in consumer and business confidence in tandem with an accelerated pace of the COVID-19 vaccine rollout, but Japan is being hit by another resurgence of coronavirus cases. The government on Thursday issued a state of emergency […]
Japan May Household Spending Up Y/Y But Dips M/M on COVID Restrictions
By Max Sato (MaceNews) – Japan’s household spending continued posting a sharp gain from a year-earlier in May in reaction to the pandemic-triggered 2020 slump, but slipped from April as the government urged people to stay home and called for shorter business hours, data released Tuesday by the Ministry of Internal Affairs and Communications showed. […]
BOJ June Tankan Business Sentiment Up But Some Caution Ahead
— BOJ Survey Also Shows Companies Revise Up FY21 Capex Plans By Max Sato (MaceNews) – Japanese firms in many industries reported their sentiment improved sharply in June from three months earlier on recovering global demand and accelerated vaccinations, but some sectors were cautious about their outlook amid fears of coronavirus variants wreaking havoc, according […]
Japan May Factory Output Slumps As Chip Shortages Hit Carmakers
–May’s Sharper-Than-Expected 5.9% Drop Also In Reaction To April Gain — Japan’s METI Keeps Its View: Output Picking Up, Sees Rebound in June –METI Warns of Drag From Global Chip Shortages, Coronavirus Delta Variant By Max Sato (MaceNews) – Japan’s industrial production slumped at a faster pace than expected in May from the previous […]
Japan June Tokyo CPI Flat Y/Y After Recent Drops on Energy Cost Pickup
— Higher Air Conditioner, Education Prices Also Ease Mobile Discount Impact By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, were unchanged from a year earlier in June after several months of declines, as recovering energy prices and gains in some food prices eased the downward pressure from […]