US ISM Services Sector PMI Hits 14-Month High Mainly on Seasonal Effects but 12-Month Moving Average Still Low
US ISM’s Miller: Not Out of Tariffs Woods Yet but Sitting on Their Edge By Max Sato (MaceNews) – The U.S. services sector was in expansion territory for the third straight month in December as customers’ yearend budget spending lifted retailers and the flu vaccine season supported healthcare service providers but stiff Trump tariffs are […]
Enormous Questions After US Capture of Venezuela’s Maduro and Claimed Takeover of Oil Resources
WASHINGTON (MaceNews) – The stunning overnight U.S. military operation, involving thousands of troops and more than 150 aircraft, not only has captured Nicolas Maduro heading for a New York court appearance, but has brought a new geopolitical reality to Cuba, Mexico, Colombia and perhaps far beyond. Though planned for months, there was no formal notification […]
Japan Week Ahead: Stocks Ending 2025 on High Note, Bond Yields Up on BOJ Rate Hike Outlook but Yen Remains Depressed
–PM Takaichi Keeps High Approval Ratings but Faces Challenges as Beijing Reacts to Her Taiwan Remarks By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming two weeks. Japanese markets are closed for yearend and New Year’s holidays from Wednesday, Dec. 31 until Friday, Jan. 2. Trading will resume on […]
Japan Week Ahead: Inflation Easing Toward Bank of Japan’s 2% Target; Factory Output to Slip Back but Has Firm Undertone, Bucking US Tariff Damper
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week following the Bank of Japan board’s unanimous decision to raise the overnight interest rate target by 25 basis points to a 30-year high of 0.75% in light of easing uncertainties over global trade rows initiated by the Trump administration. […]
Japan Govt Sticks to Modest Recovery Outlook as Exports Weather Trump Tariff Storms; BOJ Hikes Rates on Easing Trade Uncertainties, Vows to Raise More
–BOJ Governor Ueda: Policy Rate at 0.75% After Latest 25-Bp Hike Still ‘Slightly Below’ Estimated Neutral Rate By Max Sato (MaceNews) – Japanese government policymakers are holding on to their conviction that the economy will stay on a modest recovery track as the latest trade data showed a rebound in exports to the key U.S. […]
BofA Global Research Fund Manager Survey: Investor Optimism High in December on ‘Run-it-Hot’ Macro and Policy Expectations
–Macro-optimism Highest Since August 2021 –Expectation For Higher Bond Yields Highest Since April 2022 by Vicki Schmelzer NEW YORK (MaceNews) – Global investor optimism was high in December, driven by “’run-it-hot’ macro and policy expectations,” according to the latest BoA Global Fund Managers survey, released Tuesday. This month, a net 18% of those polled looked […]
Preview: Forecasters See Japanese Core CPI +3.0% for November, Well Above 2% BOJ Target
Consensus outlook for Mace NewsFriday, Dec. 19, 20250830 JST (2330 GMT/1830 EST Thursday, Dec. 18) The Ministry of Internal Affairs and Communications releases November CPIMace News median: total CPI +2.9% y/y (range: +2.8% to +3.0%) vs. Oct +3.0%; core CPI (ex-fresh food) +3.0% y/y (range: +2.8% to +3.1%) vs. Oct +3.0%; core-core CPI (ex-fresh food, […]
Update: Japan Week Ahead: Bank of Japan Set to Hike Rates amid Easing Uncertainty over Trade Rows, Focus on Governor Ueda Remarks on Estimated Neutral Rate
–Adds Context to Economy Watchers Survey in Paragraphs 15-17 (MaceNews) – Here are the key Japanese economic events for the coming week, with the market focus on what the governor of the Bank of Japan will say about a widely expected interest rate hike and how much more the bank should lift the overnight rate […]
Preview: Forecasters See Japan Exports Up 2.6% on Year in November with Boost from Weak Yen
Wednesday, Dec. 17, 20250850 JST (2350 GMT/1850 EST Tuesday, Dec. 16) The Ministry of Finance releases November trade.Mace News median: exports +2.6% y/y (range: +0.4% to +5.0%) vs. Oct. +3.6%; imports +0.5% y/y (range: -1.4% to +3.9%) vs. Oct +0.7%; trade surplus ¥47.60 billion (range: a deficit of ¥17.00 billion to a surplus of ¥128.30 […]
Preview: Forecasters See Japanese Machinery Orders Showing Retreat in October
Wednesday, Dec. 17, 20250850 JST (2350 GMT/1850 EST Tuesday, Dec. 16) The Cabinet Office releases October machinery orders.Mace News median: core orders -2.6% m/m (range: -5.0% to +2.7%) vs. Sept +4.2%; +3.6% y/y (range: +0.6% to +9.1%) vs. Sept +11.6% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s core machinery orders, a key leading indicator of […]