Preview: Forecasters See Strong Japanese Exports, Imports, Return to Trade Deficit in May
0850 JST (2350 GMT/1950 EDT Tuesday, June 16) The Ministry of Finance releases May trade.Mace News median: exports +14.8% y/y (range: +10.7% to +19.0%) vs. +14.8% in April; imports +12.5% y/y (range: +9.9% to +16.6%) vs. revised +9.8% in April from 9.7%; trade deficit ¥559.60 billion (range: a deficit of ¥660.00 billion to a deficit […]
Japan Week Ahead: BOJ Looks Set for 5th Rate Hike in Current Cycle Started in March 2024 as Previously Cautious Governor Points to Upside Inflation Risks
–May Trade to Show Solid Exports, April Machinery Orders Seen Flat with Slight Dip, CPI Inflation Tame on Energy Subsidies, Free High School Education By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. It appears to be a done deal for the Bank of Japan’s sometimes divided policy board. […]
Update: Bank of Japan Board Widely Expected to Raise Policy Rate by 25 Basis Points to 1% at June 15-16 Meeting in Rare Absence of Governor
––Governor Ueda, 74, Hospitalized for Medical Treatment, Working Remotely but Will Not Vote Next Week–Board to Set Guideline for JGB purchases for Fiscal 2027; Focus on whether It Will Maintain Current Pace of Tapering by ¥200 billion a Quarter By Max Sato (MaceNews) – The Bank of Japan’s board is widely expected to decide to […]
Preview: Forecasters See Japan Producer Price Inflation Picking Up Steam in May Report
Wednesday, June 10, 2026 0850 JST (2350 GMT/1950 EDT Tuesday, June 9) The Bank of Japan releases the May corporate goods price index.Mace News median: CGPI +5.6% y/y (range: +5.4% to +6.2%) vs. Apr +4.9%; +0.7% m/m (range: +0.4% to +1.2%) vs. Apr +2.3% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s producer inflation, measured by […]
Japan Week Ahead: Markets Bracing for BOJ Rate Hike at June 15-16 Meeting After Governor Ueda Drops Clear Hint
–Producer Inflation Set to Rise Further to 3-Year High amid Mideast Conflict, Q1 GDP to Be Revised Down Sharply on Weaker-Than-Expected Capex in MOF Data By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. Since taking office in April 2023, Bank of Japan Governor Kazuo Ueda has provided some […]
Fed Officials Not Ready To Move Rates Either Way as Iran Uncertainty Continues
— Rate Hike Sentiment Rising, But Most Inclined to Be Patient — Easing Bias Seems Increasingly Likely To Go By Steven K. Beckner (MaceNews) – Federal Reserve officials leaned half heartedly toward a potential tightening of monetary policy this week, as they struggled to keep up with the vicissitudes of the Iran conflict and its […]
US ISM Services Sector Activity Picks Up in May but Faces Mideast Conflict Impact of Higher Costs of Fuels, Other Oil Products; Employment Remains Weak
–ISM’s Miller: Fed Likely to Hold Interest Rates Steady in Near Term as Inflation Mainly Due to Fuel Prices, Exerting Some Downward Pressure on Growth By Max Sato (MaceNews) – U.S. services sector activity accelerated in May after slowing in the previous two months thanks to higher new orders, but the sector continues to face […]
Preview: Forecasters See Japan’s Household Spending Hit By Rising Costs in April Report
Friday, June 5, 20260830 JST (2350 GMT/1930 EDT Monday, May 11) The Ministry of Internal Affairs and Communications releases the April average household spending.Mace News median forecasts: -1.6% y/y (range: -2.7% to 0.3%) vs. Mar -2.9%; +0.4% m/m (range: -0.5% to +2.0%) vs. Mar -1.3% By Chikafumi Hodo TOKYO (MaceNews) – Persisting geopolitical tensions in […]
US ISM Manufacturing PMI Expands for 5th Straight Month in May, Backed by New Orders, but Mideast Conflict Keeping Costs High
–ISM’s Spence: New Orders Up on Pent-Up Demand, Instead of Customers Stocking Up Before Iran War Causes Further Disruption–Spence: Employment in Contraction but Better in May, Elevated Prices Ease, Both in Right Direction By Max Sato (MaceNews) – U.S. manufacturing activity expanded for the fifth straight month in May backed by a solid gain in […]
Japan Week Ahead: MOF Business Survey to Set the Tone for Revised Q1 GDP, Household Data to Show Sluggish but Resilient Consumer Spending Amid Slow Real Wage Growth
By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. Lukewarm growth has been lingering in Japan for the past couple of years as the economy has largely weathered the drag from global shocks like Russia’s invasion of Ukraine and protectionist U.S. trade policy but it could finally slip on […]