BOJ July Meeting Summary: Watch Covid Spike Impact Before Deciding to End Financing Scheme 
–Board Members Continue Calling for Supporting Wage Hikes With Easing By Max Sato (MaceNews) – Bank of Japan board members argued for monitoring the impact of the resurgence in new Covid cases for now before deciding whether to end the program to support pandemic-hit small businesses in September as scheduled, according to the summary of […]
Japan June Retail Sales Post 4th Straight Y/Y Rise but Pace Slows 
–METI Keeps View After May Upgrade: Retail Sales Picking Up Gradually –Department Store Sales Continue Recovering on Eased Covid Rules –High Fuel Costs Prop Up Retail Sales; Supply Delays Keep Auto Sales Weak By Max Sato (MaceNews) – Japanese retail sales posted the fourth year-on-year rise in June, led by high fuel prices and recovering […]
Japan June Industrial Output Rebounds After China Ends Covid Lockdown 
–METI Upgrades View After Downgrades: Output Making One Step Forward, One Step Back –METI: To Watch Effects of Rising Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded more strongly than expected in June as China ended its Covid lockdown of Shanghai but parts shortages and logistical bottlenecks continued to […]
Japan July Tokyo CPI Annual Rate Faster Than Expected as Firms Pass Higher Costs
–Energy, Food Prices Lead Inflation; BOJ Still Sees Commodities Spike Easing in FY23 –Gasoline Price Markups Smaller on Govt Subsidies; Utilities Pick Up Pace Again By Max Sato (MaceNews) – The year-on-year rise in consumer prices in Tokyo, the leading indicator of the national average, posted a slightly faster-than-expected pace in July, just above the […]
Japan June Jobless Rate Unchanged; Job Growth Continues Rising on Year
–Numbers of Lost Jobs, People Looking for Other Openings Both Drop in June –June Unemployment at 2.6% After Ticking Up from April’s 2-Year Low 2.5% By Max Sato (MaceNews) – Japanese payrolls posted the third straight increase from year-earlier levels in June as Covid restrictions were eased in late March, while the unemployment rate was […]
Background Press Call on President Biden’s Call with President Xi Jinping of the People’s Republic of China
WASHINGTON (MaceNews) – The following is the White House transcript of the Thursday afternoon National Security Council teleconference background briefing for reporters on the morning’s virtual call between President Biden and China’s President Xi: BACKGROUND PRESS CALLBY A SENIOR ADMINISTRATION OFFICIALON PRESIDENT BIDEN’S CALL WITH PRESIDENT XI JINPINGOF THE PEOPLE’S REPUBLIC OF CHINA Via Teleconference 3:27 […]
White House and Other Schedules for Thursday, July 28
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JULY 28, 2022In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the President […]
FOMC Lifts Funds Rate Another 75 Bp to Near ‘Neutral’ 2.25-2.50% Range
– Powell Signals More Hikes to Come but Unclear About Pace, Level – Powell Repeats Fed Needs ‘Compelling Evidence’ Inflation Heading To 2% Target – Amid Slowing, Powell Cites Risk of ‘Doing Too Much’ Or ‘Too Little’ Tightening – Powell Repeats Need ‘Moderately Restrictive’ 3-3.5% Funds Rate Range End-22 By Steven K. Beckner (MaceNews) – […]
FOMC Hikes By 0.75 Pt As Expected; Bare-Bones Statement Cites Elevated Inflation
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday did the expected, a three-quarter point rate hike which brings monetary policy to the brink of tightening instead of simply removing accommodation. In a bare-bones statement, the FOMC saw spending and production “softened” along with still-robust job gains and elevated inflation. “The Committee is highly attentive […]
White House and Other Schedules for Wednesday, July 27
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, JULY 27, 2022 In the morning, the President will receive the President’s Daily Brief virtually. This meeting will be closed press. In-Town […]