Japan Government Upgrades View: Consumption, Jobs Leading Gradual Economic Pickup
By Max Sato (MaceNews) – Japan’s government Tuesday upgraded its economic overview for the first time in three months in July as consumption is on a clearer pickup path, led by job creation and pent-up demand, but real wages are falling amid rising inflation and the weaker yen is eroding purchasing power, according to its […]
Japan Conservative Ruling Bloc Raises Majority in Upper House Poll
By Max Sato (MaceNews) – Japan’s ruling conservative coalition increased its majority in Upper House elections on Sunday, public broadcaster NHK and other news media reported based on their exit polls and ongoing vote-counting, an outcome that would allow Prime Minister Fumio Kishida to focus on his longer-term projects to narrow the income gap and […]
G7 Leaders Pledge Continued Actions Vs Russia
WASHINGTON (MaceNews) – Leaders of the G-7 countries, including President Joe Biden, Sunday met with Ukraine President Volodymyr Zelensky by video hookup, afterwards issuing a long statement pledging continued widespread sanctions and other actions, like phasing out Russia energy supplies, to support the war effort. The statement follows: G7 Leaders’ Statement Today, on 8 May, […]
Japan Upgrades Economic View as Easing Covid Impact Supports Spending; Uncertainty Remains
By Max Sato (MaceNews) – Japan’s government Thursday upgraded its overview for the first time in four months as the drag from an Omicron-led spike in coronavirus cases is easing to support consumption despite surging food and energy prices and uncertainty over the war in Ukraine, according to its monthly report released by the Cabinet […]
<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 […]
Analysis: Japan PM Kishida to Face Bad Economic News After Omicron Storm
–Economists Revise Down Forecasts to Show Slight Contraction in 1Q By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida is likely to face bad news on the economic front after barely surviving voter frustration over public health restrictions imposed about two months ago aimed at fighting a surge in Covid infections caused by the […]
Japan Government Downgrades View: Some Weakness Seen in Pickup Hit by Covid
— Pickup in Consumption Pausing on Resumed Covid Restrictions — Business Investment Moving Upward as Seen in Q4 GDP Rebound By Max Sato (MaceNews) – Japan’s government Thursday downgraded its economic overview for the first time in five months, noting the recent spike in coronavirus cases sparked by the Omicron variant is hurting consumer spending, […]
Japan Sentiment, Public Approval of Kishida Government Slip with Rapid Omicron Spread
–PM Kishida Under Pressure To Shore Up Voter Support Before Upper House Election This Year –Kishida Tackling Pandemic; His Long-Term Approach of Inclusive Policy Takes Time To Have Impact By Max Sato (MaceNews) – The Omicron storm in the new year is hurting business and consumer confidence as the government was forced to resume its […]
Japan Government Keeps Economic Pickup View After December Upgrade
— Consumers Brave Omicron Scare in Year-End, New Year Leisure Season — Production Improving on Easing Supply Constraints By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic overview after upgrading it last month for the first time in 17 months, saying consumer spending is picking up — despite rising Covid cases — and […]
Japan Govt Sees Slower Economic Pickup Amid Disrupted Supply Chains, Pandemic Spike
— Consumption, Factory Output Downgraded While Exports on Track By Max Sato (MaceNews) – Japan’s government Thursday provided a more cautious view of the recent pickup in the domestic economy, saying its pace is slowing in the face of global supply chain disruptions and a surge in coronavirus cases, according to its monthly report released […]