Tag: Japan

Core inflation in Japan’s capital slowed for the second straight month in December as cost-push price pressures continued to ease, data showed on Tuesday, taking some pressure off the central bank to rush into exiting ultra-loose monetary policy.

Japan’s core inflation slowed sharply in November to a pace unseen in over a year, data showed on Friday, highlighting easing cost-push pressures that may give the central bank more time before phasing out its massive monetary stimulus.

Japan’s government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is likely to more than offset weak domestic consumption, the Cabinet Office said.

Japan’s exports in November fell for the first time in three months dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies will complicate policymakers’ efforts to wind back on stimulus.

PPI rose 0.3% year on year as pace slowed for 11th month

Japan’s economy fell faster than first estimated in the third quarter, revised data showed on Friday, as the household sector faced growing headwinds, complicating the central bank’s efforts to phase out its accommodative monetary policy.

TOKYO, Dec 5 (Reuters) – Core inflation in Japan’s capital slowed in November, underscoring the central bank’s view that cost-push pressures in the world’s third-largest economy will gradually dissipate.

Japan’s economy presents a mixed picture based on the latest data for October 2023. Industrial production saw a notable increase, rising 1.0% mom, exceeding expectations of a 0.7% increase.

TOKYO, Nov 24 (Reuters) – Japan’s factory activity shrank for a sixth straight month in November, while modest growth in the service sector was little changed, a business survey showed on Friday, highlighting the fragility of the economy amid soft demand and inflation.

TOKYO, Nov 20 (Reuters) – Japan’s big employers are set to follow this year’s bumper pay hikes with another round in 2024, which are expected to help lift household spending and give the central bank the conditions it needs to finally roll back massive monetary stimulus.

Third quarter GDP contracted 2.1% from a year ago, after growing 4.8% in the second quarter, compared to expectations for a 0.6% decline in a Reuters poll.

TOKYO, Oct 27 (Reuters) – Core consumer inflation in Japan’s capital Tokyo, considered a leading indicator of nationwide trends, unexpectedly accelerated in October, a sign of broadening price pressures that may keep alive expectations of near-term end to ultra-low interest rates.

TOKYO, Oct 19 (Reuters) – Japan’s exports hit a record level in September, climbing for the first time in three months as automakers revved up shipments to the U.S. and Europe, unshackled from a global chip shortage that had held them back a year earlier.

TOKYO, Sept 29 (Reuters) – Core inflation in Japan’s capital slowed in September for the third straight month mainly on falling fuel costs, data showed on Friday, suggesting that cost-push pressures are starting to peak in a relief for the fragile economic recovery.

Japan’s core machinery orders fell more than expected in July, as manufacturers balk at new investments in the face of sluggish global growth and weakness in major market China, pointing to a difficult period ahead for the world’s third-largest economy.

 Japan’s economy grew less than initially estimated in the second quarter and wages slumped in July, casting doubt over central bank projections that solid domestic demand will keep the country on course for a recovery.

Japan’s exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for light oil and chip-making equipment, underlining concerns about a global recession as demand in key markets such as China weaken.

Japan’s economy posted its third straight quarterly expansion, provisional government data showed Tuesday, as robust export growth contributed to an annualized 6% expansion in the second quarter, handily beating market expectations.

The Japan PPI data for July – a.k.a. goods price index, or the price firms charge each other for products – is showing:
Prior month -0.2%
PPI MoM 0.1% versus 0.2% expected.
PPI YoY 3.6% versus 3.5% expected. Prior month 4.1% This is the lowest since April 2021.

The benchmark 10-year Japanese government bond yield hit a fresh nine-year peak on Thursday before pulling back after the Bank of Japan again intervened to cool the speed of the rise.