JAPAN GOVT SEES CONTINUED ECONOMIC PICKUP AMID MIXED DATA, UPGRADES VIEW ON CHINA
By Max Sato (MaceNews) – Japan’s government Friday stuck to its recent assessment that the domestic economy is showing signs of a pickup from the pandemic-caused slump, pointing to a mixed bag of data – more cautious consumer spending against brighter spots in business investment and housing construction, according to its monthly report released by […]
JAPAN NOV HOUSEHOLD SPENDING POSTS MODEST RISE ON YEAR BUT SLIPS FROM OCT AMID PANDEMIC FEARS
By Max Sato (MaceNews) – Japan’s household spending in November posted a modest rise from a year earlier, up for the second straight month, as the effects of a sales tax hike in October 2019 had faded, but consumption marked the first month-on-month decline in four months in light of rising new cases of the […]
BANK OF ENGLAND’S BAILEY: PREPARED TO FOREGO EU FINANCIAL SERVICES AGREEMENT ‘IF PRICE TOO HIGH’
— BoE Governor Bailey confirms that Brexit preparations assumed no equivalence between UK and EU financial services — Bank continuing technical assessment of negative rates, to publish results in February By Laurie Laird LONDON (MaceNews) — The UK’s top central banker is prepared to walk away from a financial services agreement with the European Union […]
UK AGREES TO EUROPEAN UNION BREXIT DEAL
–Few Details But UK Claims Tariff/Quota-free Access for Goods Exports to EU By Laurie Laird LONDON (MaceNews) – With just a week left to run on the current transitional arrangement, the UK has agreed a trade deal with the European Union that will officially end Britain’s membership of the European Union. The UK left the […]
JAPAN GOVT SEES PANDEMIC-CAUSED SOFT SPOTS IN SPENDING, DOWNGRADES VIEW ON EUROPE
By Max Sato (MaceNews) – Japan’s government Tuesday warned that consumer spending, which accounts for over half of domestic output, is showing soft spots despite its overall improvement from the pandemic-caused slump, according to its monthly report released by the Cabinet Office. While noting increasing export volumes, particularly of automobiles and semiconductor-producing equipment, the government […]
JAPAN NOV CPI DROP DEEPER ON WEAKER ENERGY, GOVT-FINANCED HOTEL DISCOUNTS EASE AMID COVID SPIKE
By Max Sato (MaceNews) – Japanese consumer prices posted a sharper drop in November as energy costs continued falling but a spike in coronavirus cases later in the month appeared to have slowed the use of hefty government-financed discounts on hotel and transport charges, data from the Ministry of Internal Affairs and Communication released Friday […]
JAPAN NOV EXPORTS UNEXPECTEDLY SLUMP, WEAK ENERGY PRICES KEEP TRADE IN SURPLUS
By Max Sato (MaceNews) – Japanese exports took one step back from the recent pickup trend and posted an unexpected fall in November, remaining below year-earlier levels for two years as the global economy faces pandemic-caused uncertainty, data released Wednesday by the Ministry of Finance showed. The outlook for domestic growth and a return to […]
PREVIEW: FOMC TO REAFFIRM EASY MONEY POLICY; EXTEND FORWARD GUIDANCE TO BOND BUYING
By Steven K. Beckner (MaceNews) – For the Federal Reserve these days, it’s all about shaping and managing expectations – expectations for indefinite continuation of ultra-accommodative monetary policy. That effort will continue at the Fed’s Dec. 15-16 Federal Open Market Committee meeting. The FOMC heads toward its final meeting of 2020 amid very unusual circumstances […]
JAPAN OCT HOUSEHOLD SPENDING POSTS 1ST Y/Y RISE IN 13 MONTHS IN REACTION TO TAX HIKE SLUMP
By Max Sato (MaceNews) – Japan’s household spending in October marked the first year-on-year increase in 13 months as the base-year effects of the October 2019 sales tax hike faded, while a third wave of coronavirus infections around the world is likely to continue restricting some expenditures, data released Tuesday by the Ministry of Internal […]
JAPAN MOF SURVEY: Q3 CAPEX REMAINS WEAK; REVISION TO GDP CAPEX DATA SEEN LIMITED
By Max Sato (MaceNews) – Business investment in equipment by many Japanese companies remained depressed in the July-September quarter, compared to year-earlier levels, but the pace of decline decelerated from the previous three-month period, a quarterly survey by the Ministry of Finance released Tuesday showed. This may prompt the Cabinet Office to make only a […]