Japan Expects Gradual Economic Recovery in Light of Trade Accord with US but Warns Drag from Trump Tariffs Still Needs Close Watch
By Max Sato (MaceNews) – Japan’s government is looking at the bright side of trade rows in the wake of a bilateral deal with the Trump administration, sticking to its long-held conviction that the economy is expected stay on a “modest recovery” track but also warned that uncertainty remains. In its monthly report for July […]
Japan Weekahead: PM Ishiba’s Fate Up in the Air After His Minority Government Suffers Setback in Upper House Election; BOJ to Stand Pat as Trade Rows Cloud Growth Outlook
–June Industrial Output Seen Flat, Retail Sales Sluggish, Setting Soft Tone for Q2 GDP Due August 15–June Jobless Rate to Remain Low and Stable at 2.5%, Job Creation Continues for Nearly 3 Years amid Labor Shortages By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. Prime […]
Preview: Bank of Japan to Keep 0.5% Policy Rate for 4th Straight Meeting in Gradual Tightening Process
–Trump Tariffs Cloud Growth Outlook Despite Bilateral Trade Accord By Max Sato (MaceNews) – The Bank of Japan’s nine-member board is widely expected to vote unanimously to maintain the target for the overnight interest rate at 0.5% for the fourth straight time at its meeting on July 30-31 amid uncertainty over trade conflicts and geopolitical […]
Potential Powell Successor Warsh Urges Fed Rate Cuts, Balance Sheet Slashing, Regime Change
By Steven K. Beckner (MaceNews) – Former Federal Reserve Governor Kevin Warsh, one of the leading candidates to succeed Fed Chair Jerome Powell, urged both interest rate cuts and balance shrinkage as he virtually campaigned for Powell’s job in a television interview Thursday night. Warsh, who was a member of the Fed board of governors […]
Report: Japan PM Ishiba to Step Down by end-August to Take the Blame for Historic Election Loss; Ishiba Stresses US Trade Accord Mutually Beneficial
–Mainichi Exclusive: Resignation May Come Sooner Amid Calls from Within Ruling Party, Opposition Camp By Max Sato (MaceNews) – Japanese Prime Minister Shigeru Ishiba has decided to step down by the end of August after leading the ruling Liberal Democratic Party to a historic defeat in Sunday’s Upper House election, the Mainichi Shimbun daily reported […]
Japan’s Ruling Coalition Loses Majority in Upper House After Last Year’s Loss in Lower Chamber Election; PM Ishiba Leadership in Question amid Voter Ire Over Inflation, Political Scandals
By Max Sato (MaceNews) – Japan’s ruling coalition failed to clinch a majority in Sunday’s upper house elections, as widely expected, amid voter frustration over rising costs of living and a string of political funding scandals, just nine months after it lost a majority in the more powerful lower chamber of parliament. It is the […]
Japan Weekahead: Ruling Coalition May Lose in Upper House Election; Tokyo CPI to Show Further Easing but Inflation Seen Still around 3% Amid High Processed Food Prices
By Max Sato (MaceNews) – Here are the key Japanese economic and political events for the coming week. – Sunday, July 20 Voting and vote counting for the House of Councillors general elections. Opinion polls show the ruling coalition led by the conservative Liberal Democratic Party may lose a majority in the upper house, which […]
– FOMC Vice Chair Williams: ‘Modestly Restrictive’ Policy ‘Entirely Appropriate’ – Kugler, Collins, Logan, Hammack, Daly Also Back Delaying Monetary Easing By Steven K. Beckner (MaceNews) – Unfazed by White House pressure, Federal Reserve officials have reasserted their intention to take a cautious and deliberate approach to considering additional interest rate reductions cuts this week. […]
BofA Global Research Fund Manager Survey: Investors Bullish Despite Tariff Uncertainty
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors maintained a bullish bent in July despite ongoing uncertainty about tariffs, according to BofA Global Research’s monthly fund manager survey, released Tuesday. A net 31% of those polled this month looked for a weaker global economy in the coming months. This compared to a net 46% […]
Japan Weekahead: Machinery Orders, Exports Seen Down as Trump Tariffs Hit Auto, Steel Makers; Inflation to Ease on Fuel Subsidies but Still Above 3% amid High Rice Prices
By Max Sato (MaceNews) – Here are the key Japanese economic events for the coming week. Stiff U.S. tariffs on imports are having some cooling effects on the auto and steel industries as seen in recent production and trade data but not pushing the global or domestic economy into a tailspin. Inflation in Japan, now […]