Japan April Factory Output Rises To Pre-Pandemic Level on Capex Demand
— Japan’s METI Keeps View Output Picking Up Despite Fluctuations By Max Sato (MaceNews) – Japan’s industrial production marked the second monthly straight rise in April, recovering to the pre-pandemic level, as solid demand for capital investment in chip-making equipment among others more than offset automobile output cutbacks caused by semiconductor shortages, data released Monday […]
Japan April Factory Output Rises To Pre-Pandemic Level on Capex Demand
— Japan’s METI Keeps View Output Picking Up Despite Fluctuations By Max Sato (MaceNews) – Japan’s industrial production marked the second straight rise in April, recovering to the pre-pandemic level, as solid demand for capital investment in chip-making equipment among others more than offset automobile output cutbacks caused by global semiconductor shortages, data released Monday […]
Japan Government Downgrades View on Economy As Q1 Consumption Slumps
— Japan Sees Overseas Economies Picking Up; Upgrades Britain, Others By Max Sato (MaceNews) – Japan’s government Wednesday downgraded its view on the domestic economy for the first time in three months, saying the weakness in some spots is more pronounced while the economy stays on course toward a recovery from pandemic-caused slump, according to […]
Japan April Core CPI Drop Limited; Higher Energy Eases Mobile Fee Slump
– Hotel Fees Up After Government Ended Subsidies For Travel in December – Private University Tuitions Up As Base Effect of Subsidies Wanes – Smaller Drop in Auto Insurance Premiums Also Ease Core CPI Drop By Max Sato (MaceNews) – Japan’s core consumer price index posted only a slight drop on year in April, as […]
Japan April Exports Surge on Global Auto, Chip Demand
– Recent High Pace of Export Growth Also in Reaction to 2020 COVID Slump – Imports Also Show Sharp Rise As Energy Prices Recover By Max Sato (MaceNews) – Japanese exports posted the second straight month of a double-digit percentage increase from a year earlier, when the initial shock of coronavirus infections swept through the […]
Japan March Machine Orders Post Slight Rebound; Q2 Seen Up After Q1 Drop
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded slightly in March amid the uncertain global economic outlook, data released Thursday by the Cabinet Office showed. Orders from manufacturers continued to fall while those from non-manufacturers rose. The key points from machinery orders data: * Core […]
BofA Global Research Fund Manager Survey: Investors Pare Equity Positions, Increase Cash Holdings in May
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors pared equity positions and increased cash holdings in May, driven by a rethink of growth and inflation expectations, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net 84% of those polled in May looked for stronger world economic growth […]
Japan March Spending Rebounds But Jan-March Dip Points To Q1 GDP Drop
By Max Sato (MaceNews) – Japan’s household spending posted the first year-on-year rise in four months in March, partly in reaction to the slump seen a year earlier, when the first wave of the pandemic hit the world, prompting people to reduce traveling and eating out, data released Tuesday by the Ministry of Internal Affairs […]
Japan Mar Factory Output Rebounds on Limited Chip Shortage Impact
By Max Sato –METI: Producers See Capex Demand to Lead April Output (MaceNews) – Japan’s industrial production unexpectedly rebounded in March as the impact of semiconductor shortages was limited and the drag from a quake-triggered supply chain constraint eased, preliminary data released Friday by the Ministry of Economy, Trade and Industry showed. In the near-term, […]
Japan Apr Tokyo CPI Slip on Lower Mobile Phone User Fees
By Max Sato –Gasoline Prices on Clear Uptrend But Energy Costs Still Down on Year (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a slightly larger year-on-year drop in the core reading in April, compared to March, as mobile carriers lowered communications fees in response to a government request, […]