Japan September Industrial Production’s Slight Rebound Led by Auto Industry After Temporary Shutdown at Toyota Factories in August
–METI Survey: Output Likely to Rise in October, Slip Back in November –Core Capital Goods Shipments Dip in July-September, Indicating Weak Capex in Q3 GDP Data –METI Keeps View: Output Taking One Step Forward, One Step Back –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production […]
Japan September Jobless Rate Eases to 2.6% from August’s 2.7% as Job Cuts Fall, Fewer People Quit to Look for Better Positions
–Employment Up Y/Y for 14th Straight Month, Led by Hotels, Restaurants, Construction; Manufacturing Jobs Slump –Number of Unemployed Drop After 2 Months of Increase By Max Sato (MaceNews) – Japanese payrolls posted their 14th straight rise on year in September as massive hiring by hotels, restaurants and builders continued mitigating a sharp decline in manufacturing […]
Press Report: Bank of Japan Likely to Consider Allowing 10-Year Bond Yield to Trade Above 1% in Flexible Market Operations
By Max Sato (MaceNews) – Bank of Japan policymakers are likely to consider making the yield curve control framework even more flexible at their meeting this week by allowing the 10-year bond yield to trade above 1% “to some extent,” the upper end of its range the BOJ expanded in July, the Nikkei newspaper reported […]
Japan Govt Sees Moderate Economic Recovery but Warns of High Inflation, Labor Shortages and Middle East War
By Max Sato (MaceNews) – Japan’s government Monday maintained its overall assessment, saying the economy is recovering moderately, but warned that consumer inflation is high, labor shortages are broad-based and the war in the Middle East is adding to downside risks to domestic recovery led by wage and income growth, according to its monthly report […]
White House and Other Schedules for Monday, Oct 30
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR MONDAY, OCTOBER 30, 2023 In the morning, the President and the First Lady will return to the White House from Wilmington, […]
White House and Other Schedules for Thursday, Oct 26
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR THURSDAY, OCTOBER 26, 2023 In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]
Bank of Canada Keeps Policy Rate at 22-Year High of 5%, Expects Higher Inflation and Lower Growth in 2023, 2024
–Governing Council Concerned Inflationary Risks Have Increased, Prepared to Raise Policy Rate Further if needed –Governor Macklem: ‘We Are Keeping the Door Open for a Further Interest Rate Increase Because There Is Uncertainty’–Macklem: Path to Soft Landing Has Gotten Narrower By Max Sato (MaceNews) – The Bank of Canada on Wednesday maintained its policy interest […]
White House and Other Schedules for Wednesday, Oct 25
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, OCTOBER 25, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
White House and Other Schedules for Tuesday, Oct 24
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, OCTOBER 24, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Bank of Canada Seen Keeping Policy Rate at 5% This Week Amid Dim Business Outlook, Easing Inflation
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold interest rates steady in Wednesday’s policy announcement in light of weak business survey results and slightly easing price pressures, but given some resilience in the labor market and the uncertain inflation outlook, the bank may not be done with tightening that […]