Japan Govt Keeps Its View on Moderate Economic Recovery After Downgrade Last month, March BOJ Rate Hike as Many Firms Offer Higher Wages to Secure Workers
Japan sees moderate recovery continuing
Japan January Household Spending Posts 11th Straight Y/Y Drop as Vehicle Purchases Slip After Recent Rebound, Consumers Remain Frugal
–Home Maintenance, Repairs Also Down; Pent-Up Demand for Travel Wanes–Eating Out Continues Growing; Tuition, Medical Costs Also Rise on Year–Real Household Income Posts 16th Straight Y/Y Drop on Elevated Costs but Up in Nominal Terms By Max Sato (MaceNews) – Japan’s real household spending posted its 11th straight drop on the year in January, down […]
Japan Govt Downgrades Its View on Economic Recovery as Consumption, Production Turn Weaker
–Japan’s Economy still Faces Downside Risks from Chinese Slowdown, High Prices, January’s Earthquake By Max Sato (MaceNews) – Japan’s government on Wednesday downgraded its overall assessment for the first time in three months, saying while the economy is recovering moderately, consumption has turned weaker amid elevated costs and production has been hit by suspended vehicle […]
IMF: BOJ Should Consider Unwinding Monetary Easing Under Yield Curve Control Framework Now
–IMF: BOJ Then Should Gradually Raise Interest Rates–IMF Critical of Kishida Government’s ‘Untargeted’ Economic Stimulus Package By Max Sato (MaceNews) – The Bank of Japan should consider unwinding its large-scale monetary easing now by exiting the seven-year-old yield curve control framework, the International Monetary Fund said Friday, noting that easing in the past decade has […]
Japan Govt Keeps View on Moderate Economic Recovery with Pause in Export Pickup; Watch Effects of Earthquake
By Max Sato (MaceNews) – Japan’s government on Thursday maintained its overall assessment for the second month in a row, saying the economy is recovering moderately with some soft spots, but warned that the powerful New Year’s Day earthquake in the northwestern region of Hokuriku has reduced electronic parts supply and battered tourism, according to […]
Japan Govt Keeps View on Moderate Economic Recovery with Some Soft Spots After Last Month’s Downgrade Amid Sluggish Capex
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall assessment after downgrading it last month for the first time in 10 months in light of sluggish capital investment, saying the economy is still recovering moderately but that the pickup in some areas is pausing, according to its monthly report released by the Cabinet […]
Japan Govt Keeps View on Moderate Economic Recovery Amid Elevated Costs for Daily Necessities
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its overall assessment, saying the economy is recovering moderately thanks to wage hikes, but noted that high costs for daily necessities are eroding purchasing power of households, particularly among lower income families, according to its monthly report released by the Cabinet Office. In its September report, […]
Japan Govt Keeps View on Moderate Economic Recovery Backed by Consumer Spending, Business Investment Amid Higher Wage Growth
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its overall assessment, saying the economy is recovering moderately as substantial wage hikes and Covid-era excess savings are supporting consumer spending while improving supply chains are shoring up business confidence and investment, according to its monthly report released by the Cabinet Office. Japanese policymakers expect robust […]
Japan PM Kishida Rules Out Dissolving Lower House During Current Session but Expectations for Snap Election This Year Stay Alive
By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida late on Thursday denied he was considering dissolving the lower house of parliament during the current 150-day ordinary Diet session ending on June 21 but expectations for a snap election this year, possibly in the fall, remain alive. Kishida’s recent remarks had stirred speculation that […]
Japan Government Upgrades View on Economy from Pickup to Moderate Recovery, Condition Last Seen in February 2020
By Max Sato (MaceNews) – Japan’s government Thursday upgraded its overall assessment for the first time in 10 months, saying the economy is improving to the state last seen in February 2020, when pandemic hadn’t had a full impact on economic activity, according to its monthly report released by the Cabinet Office. In its May […]