Japan February Unemployment Slips to 2.7% But Job Creation Slow
By Max Sato (MaceNews) – Job creation in Japan remained sluggish in February compared to a year earlier but the unemployment rate fell from January as job cuts eased and fewer people began looking for work, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The seasonally adjusted average unemployment rate fell […]
Preview: BOJ March Tankan To Show Sentiment Hit by Omicron Spike, Ukraine War
–Sentiment Among Manufacturers, Non-Manufacturers Seen Down After Recent Pickup –Small Business Sentiment Indexes Expected to Remain in Negative Territory –Major Firms Expected to Revise Down FY21 Capex Plans, See Small FY22 Gain –Smaller Firms Playing Catchup in FY21 Capex as They Tend To Do Toward Fiscal Yearend By Max Sato (MaceNews) – The Bank of […]
Biden Admin Budget Proposals Hit Billionaires, Deficit
WASHINGTON (MaceNews) – President Biden Monday afternoon formally unveils his fiscal 2023 federal government budget proposals, increasing military spending – which Republicans like – and inventing a new tax on unrealized capital gains aimed the the richest tier of Americans – which Republican pledge to kill as fast as possible. The White House fact sheet […]
<strong>Bank of Canada to ‘Act Forcefully’ to Tame Inflation: Deputy Governor Kozicki </strong>
By Max Sato (MaceNews) – Bank of Canada Deputy Governor Sharon Kozicki on Friday stressed that the bank’s is determined to fight inflation with more actions “forcefully,” following its first rate hike in over three years in March, and ahead of its April 13 policy decision. “We have taken action and will continue to do […]
<strong>Japan Govt Sees Economic Pickup Signs, Warns of Downside Risks from Inflation, Markets, War </strong>
By Max Sato (MaceNews) – Japan’s government Friday maintained its overview that the economy is showing signs of a pickup amid some soft spots as Covid cases appear to have peaked, but also warned that rising prices, volatile financial markets, and the war in Ukraine could heighten downside risks, according to its monthly report released […]
BOJ January Meeting Minutes: Must See Underlying CPI Trend Amid Pickup on Rising Costs
By Max Sato (MaceNews) – Bank of Japan policy board members argued that the central bank must capture the underlying trend in consumer inflation, with a focus on slow wage hikes, even though its annual rate may come close to the bank’s 2% target temporarily as energy and commodities prices rise and the base effects […]
<strong>St. Louis Fed’s Bullard: Get Funds Rate To Neutral Or Higher To Curb Inflation</strong>
– Fed Has ‘Long Ways To Go” To Hike Rates; Should Move Faster Than In Past – After Starting ‘Passive Runoff’ Of Balance Sheet May Need To Sell Assets – Despite Ukraine, U.S. Economy Will Grow Above Potential, Further Reduce Unemployment By Steven K. Beckner (MaceNews) – With inflation “way over” the Federal Reserve’s 2% […]
US Nat’l Security Adviser Sullivan: Pres Biden to Consult w/Allies on Potential Russia Use of Nukes
WASHINGTON (MaceNews) – U.S. National Security Adviser Jake Sullivan Tuesday answered a reporter’s question about Russia’s use of possibly smaller nuclear weapons in Ukraine: by saying President Biden will this week, in his visit to Brussels, be consulting with allies on ‘that potential contingency.” Sullivan’s verbatim response follows: “President Putin, in the early days of […]
Japan’s Eastern Areas Face Power Shortages After Quake Amid Winter Weather
By Max Sato (MaceNews) – The Japanese government issued a rare warning of power shortages in Tokyo and surrounding prefectures, urging businesses and households to cut electricity use by 10%, starting Tuesday, as heating demand is rising and supply is falling after last week’s major earthquake. The Japan Meteorological Agency is forecasting cold weather with […]
Former Dove Kashkari Now Says Fed Rate Hikes May Have To Get More Aggressive
– Bullard Explains Dissent In Favor of Higher Funds Rate By Steven K. Beckner (MaceNews) – Minneapolis Federal Reserve Bank President Neel Kashkari has built a reputation as one of the more “dovish” Fed policy-makers, but in an essay released Friday, he sounded distinctly less so. Kashkari, not a voting member of the Fed’s interest […]