Japan December Exports Rebound to Record High on Continued Strong Demand for Autos, Trade Balance Turns Positive
–Imports Mark 9th Straight Y/Y Fall on Lower Energy Prices –Exports to China Post 1st Rise in 13 Months, Climb to 2nd Highest on Record –Exports to US Hit Record High; Those to EU Rebound after 1st Drop in 33 Months in November–Japan 2023 Exports Also Reach Record High, Trade Deficit Cut in Half By […]
Preview: Bank of Canada Expected to Keep Policy Rate at 5% amid Sticky Inflation
–Governing Council Likely to Remain Concerned About Inflationary Risk–Governor Macklem Has Repeatedly Said It is Too Early to Discuss a Rate Cut By Max Sato (MaceNews) – The Bank of Canada is widely expected to maintain its policy interest rate — the target for overnight lending rates — at 5.0% on Wednesday for the fourth […]
White House and Other Schedules for Tuesday, Jan 23
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 SCHEDULE FOR TUESDAY, JANUARY 23, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
BOJ Keeps Easing Stance Under Yield Curve Control Framework as Policymakers Look for Clearer Signs of Sustained Wage Growth
–BOJ Repeats: To ‘Patiently’ Pursue Stable 2% Inflation –BOJ Maintains Negative Short-Term Rate, Zero Long-Term Rate; Keeps 1% Loose Upside Limit on 10-Year JGB Yield By Max Sato (MaceNews) – The Bank of Japan said Tuesday its policy board decided unanimously, as expected, to maintain its seven-year-old yield curve control framework and retain its guidance […]
White House and Other Schedules for Monday, Jan 22
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 SCHEDULE FOR MONDAY, JANUARY 22, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Preview: Bank of Japan Unlikely to Begin Unwinding Large-Scale Easing Until It Can Clearly Foresee Sustained Growth in Wages, Service Prices in Fiscal 2024
By Max Sato (MaceNews) – The Bank of Japan board is widely expected to retain its guidance in a unanimous vote at its Jan. 22-23 meeting that the bank will “patiently continue with monetary easing” in order to “achieve the price stability target of 2% in a sustainable and stable manner, accompanied by wage increases.” […]
White House and Other Schedules for Friday, Jan 19
WASHINGTON (MaceNews) – The following are Friday’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 SCHEDULE FOR FRIDAY, JANUARY 19, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In […]
Japan December Core CPI Annual Rate Decelerates to 18-Month Low of 2.3% from November’s 2.5% on Utility Subsidies, Slower Processed Food Markups
–Total CPI Y/Y Rise Slows to 17-Month Low of 2.6% from 2.8% –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases Further to 10-Month Low of 3.7% from 3.8% –Services Costs Up 3.3% Y/Y Due to Wage Hikes Vs. Goods Prices Up 2.3% By Max Sato (MaceNews) – Consumer inflation in Japan continued easing in December […]
Japan November Core Machine Orders Slump for 1st Drop in 3 Months on Lower Demand from Manufacturers; Computer Orders Mixed
–Core Orders Mark 9th Straight Y/Y Drop Despite Solid FY23 Capex Plans –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, came in much weaker than expected in November, down 4.9% for the first drop in three months after […]
White House and Other Schedules for Thursday, Jan 18
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 SCHEDULE FOR THURSDAY, JANUARY 18, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]