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
White House and Other Schedules for Monday, Jan 29
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 29, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office will […]
Japan Govt Sees Moderate Economic Recovery but Warns of High Inflation, Labor Shortages and Middle East War
By Max Sato (MaceNews) – Japan’s government Monday maintained its overall assessment, saying the economy is recovering moderately, but warned that consumer inflation is high, labor shortages are broad-based and the war in the Middle East is adding to downside risks to domestic recovery led by wage and income growth, according to its monthly report […]
Japan September Tokyo Core CPI Annual Rate Eases to 14-Month Low of 2.5% in August as Utility Costs Slump, Processed Food Prices Show Signs of Easing
–Processed Food Prices Continue to Lead Consumer Inflation, Pushing Up CPI Annual Rate by Nearly 2 Percentage Points –Total CPI Annual Rate Also Moderates to 12-Month Low of 2.8% from 2.9% in August after Hitting 41-Year High of 4.4% in January –Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 3.8% from 41-Year High of […]
Japan August Industrial Production Flat as Higher Fuel Output Offsets Pullback in Auto Industry After Recent Gains
–METI Survey: Output Likely to Rise in Both September and October –METI Keeps View After July Data Downgrade: Output Taking One Step Forward, One Step Back –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production came in slightly firmer than expected in August, being unchanged […]
Japan August Retail Sales Continue to Post Sharp Y/Y Rise on Heat Wave
Auto Demand, Recovering Department Stores on Influx of Foreign Visitors, –METI Keeps View: Retail Sales on Gradual Uptrend–High Prices of Food and Beverages Supporting Overall Retail Sales –Sales of Apparal, Appliances, Fuels Maintain Rebound Seen in July By Max Sato (MaceNews) – Japanese retail sales maintained high growth on the year in August as the […]
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 Q2 GDP Surge Revised Down on Weaker Capex, Consumption, Public Works but Still Highest Among G7
–Q2’s Growth Led by Sharp Net Export Rebound Amid Falling Import Costs; Consumption, Capex Down –Q3 GDP Rise Seen Slowing but Supported by Consumer Spending on Services By Max Sato (MaceNews) – Japan’s strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June quarter was revised down […]
Japan July Household Spending Posts 5th Straight Y/Y Drop as High Food Costs Bite, Unexpectedly Slumps M/M
–Spending on Autos Slips After Recent Pickup on Improved Supply Chains –Traveling, Eating Out Remain Strong in Absence of Covid Restrictions –Real Household Income Posts 10th Straight Y/Y Drop on Elevated Costs, Despite Rise in Nominal Wages By Max Sato (MaceNews) – Japan’s real household spending posted its fifth straight drop on the year in […]
Japan July Jobless Rate Unexpectedly Ticks Up to 2.7% from 2.5% in June as Job Losses Rise After Being Steady, More People Begin Looking for Work
–Number of Those Who Quit for Other Openings Also Rises –Employment Up Y/Y for 12th Straight Month, Led by Medical Services, Hotels, Restaurants, Factories, Construction –Number of Unemployed Marks 1st Y/Y Rise in 3 Months By Max Sato (MaceNews) – Japanese payrolls posted their 12th straight growth on year in July as hospitals, hotels, restaurants, […]