JAPAN TOKYO CORE CPI -0.5% Y/Y VS SEPT -0.2% ON WEAKER ENERGY, PROCESSED FOOD
(MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, turned weaker in October in the face of lower energy costs and a slower rise in processed food prices as well as the government program to support the pandemic-hit tourism industry with hotel discounts, data from the Ministry of Internal Affairs and […]
BOJ KEEPS EASING POLICY STANCE, SEES RISKS SKEWED TO DOWNSIDE AMID PANDEMIC
By Max Sato (MaceNews) – The Bank of Japan has maintained its easing stance and cautiously optimistic outlook that the economy will recover part of the pandemic-triggered contraction in the next fiscal year and price inflation will edge up toward 1% in about two years. The BOJ board decided Thursday in an 8-to-1 vote to […]
JAPAN GOVERNMENT SEES CONSUMPTION PICKUP; OVERALL ECONOMIC VIEW STAYS CAUTIOUS
By Max Sato (MaceNews) – Japan’s government on Friday upgraded its assessment of private consumption for the first time in three months after downgrading it only last month, while maintaining its cautious view of overall domestic economic health amid a global spike in coronavirus cases. The government Cabinet Office report described the current state of […]
JAPAN SEPT CORE CPI -0.3% Y/Y VS. AUG -0.4% ON SMALLER HOTEL FEE DROPS
–BOJ Sees Core Price Drop Continuing By Max Sato (MaceNews) – The global pandemic continued to depress Japanese consumer prices in September as economic activity remained restrained amid slower declines in energy costs, but the year-on-year decline was slightly smaller than expected in light of less drastic cuts in tourism prices, data from the Ministry […]
JAPAN SEPT EXPORT DROP SLOWS ON CHINA, US PICKUP; TRADE IN SURPLUS
By Max Sato (MaceNews) – The year-on-year rate of decline in Japanese exports slowed again in September as demand for some goods is picking up amid slowly reopening businesses in parts of the pandemic-hit global economy, trade data released Monday by the Ministry of Finance showed. The key points: * Exports marked the 22nd straight […]
JAPAN DATA: BOJ SEPT. TANKAN SHOWS BUSINESS SENTIMENT UP SLIGHTLY
By Max Sato TOKYO (MaceNews) – Major Japanese firms, led by carmakers and electronics makers, reported their sentiment edged up in September from three months earlier as businesses in their key markets reopened cautiously amid the lingering coronavirus pandemic, according to the Bank of Japan’s quarterly Tankan business survey released Thursday. The key points from […]
CHINA-US TECH WAR: US GOVT TO BLOCK NEW DOWNLOADS, UPDATES OF TIKTOK, WECHAT
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – In an escalation of the ongoing China-U.S. tech war, the U.S. Commerce Department Thursday announced restrictions on new downloads and updates of two popular Chinese-owned mobile apps – WeChat and TikTok – citing a need to safeguard the national security of the United States. […]
TEXT: COMMERCE DEPT SETS US BAN OF WECHAT/TIKTOK
WASHINGTON (MaceNews) – The following is the text of the Commerce Department announcement Friday of the bans within the U.S. of the Chinese apps WeChat and TikTok, to some extent, depending on future negotiations: Commerce Department Prohibits WeChat and TikTok Transactions to Protect the National Security of the United States – In response to President Trump’s […]
BofA GLOBAL MANAGERS’ SURVEY: STILL UPBEAT RE WORLD GROWTH PROSPECT; BULLISH EQUITIES
— Inflation Fears Persist By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in September remained upbeat about world growth prospects and bullish towards equities, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. This month, a net 84% of fund managers looked for global growth to strengthen […]
BofA GLOBAL RESEARCH FUND MANAGER SURVEY: INVESTORS OPTIMISTIC RE REBOUND
–Nevertheless, Fret Second COVID-19 Wave By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in July were optimistic about a rebound in economic activity, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In July, a net 72% of fund managers looked for global growth to strengthen in […]