Japan Government Keeps Its View on Economic Recovery amid Wage Hikes, Warns of Drag from High US, European Rates, China’s Real-Estate Woes
By Max Sato (MaceNews) – Japan’s government maintained its overall assessment that the economy is recovering “moderately” and is likely to stay on course as many firms are raising wages at a higher pace to secure workers and although exports are now largely flat. In its monthly report released Thursday by the Cabinet Office, the […]
Ex-BOJ’s Momma Sees BOJ Cautious About Rate Hike Timing amid Slow Services Price Rise; Not in Position to Act on Weak Yen
–Momma Expects BOJ Rate Hikes in September, January but Warns of Economic Uncertainty–Momma Estimates BOJ’s Own Measure of Underlying Inflation at 1.5%, Still Below 2% Target–Momma: Central Banks Alone Cannot Anchor Inflation; Need Fiscal, Tax Policy Backup for Wealth Redistribution By Max Sato TOKYO (MaceNews) – The Bank of Japan will remain cautious about following […]
Japan Government Keeps Its View on Economic Recovery, Upgrades Global Economy but Warns of Impact of High Interest Rates in US, Europe
Japanese cabinet warns on impact of possible overseas slowdown
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, […]