Japan Data Response Japan Flash PMIs (Nov. 2022) November’s flash PMIs point to further weakness in the manufacturing sector, corroborating firms’ forecasts. At the same time, services activity appears to be struggling due to the rapid rise in... 24th November 2022 · 2 mins read
Japan Data Response Japan Consumer Prices (Oct. 2022) Headline inflation set a new three-decade high in October on aggressive rises in food inflation excluding fresh food and will remain near those highs this quarter. That said, government support... 18th November 2022 · 2 mins read
Japan Data Response Japan External Trade (Oct. 2022) The trade deficit widened but stayed below the record high in August, but with the yen strengthening significantly in recent weeks, the deficit should narrow later this quarter. 17th November 2022 · 2 mins read
Japan Data Response Japan Machinery Orders (Sep. 2022) Weakness in the manufacturing sector led to “core” machinery orders falling for a second consecutive month in September. Worse still, machine tool orders indicate that the two-month losing streak... 16th November 2022 · 2 mins read
Japan Data Response Japan GDP (Q3 2022 Preliminary) Japan’s economy contracted in Q3, with private consumption and business investment posting far weaker results than timelier data had suggested. Growth should turn positive in Q4, amid a rebound in... 15th November 2022 · 3 mins read
Japan Data Response Japan Economy Watchers Survey (Oct. 2022) Current readings picked up in October’s Economy Watchers Survey but remain well short of the peaks seen after previous virus waves ended. The deepening gloom captured by the outlook readings suggest... 9th November 2022 · 2 mins read
Japan Data Response Japan Labour Cash Earnings (Sep. 22) The 2.1% rise in labour cash earnings in September was the fastest since 1997 but it was mostly driven by volatile bonus payments and won’t be sustained. However, regular earnings growth remained... 8th November 2022 · 3 mins read
Japan Data Response Japan Industrial Production & Retail Sales (Sep. 22) Industrial production declined in September whereas retail sales values saw another relatively strong rise. We are expecting a strong fourth quarter for retail sales, but industrial output looks set... 31st October 2022 · 2 mins read
Japan Data Response Labour Market & Tokyo CPI (Sep. 22) The unemployment rate rose slightly in September on the back of a large jump in the labour force but a continued rise in the job-to-applicant ratio suggests that the labour market will tighten again... 28th October 2022 · 5 mins read
Japan Data Response Japan Consumer Prices (Sep. 2022) Headline inflation remained at a three-decade high in September and will climb slightly higher by early 2023. That said, the Bank of Japan will remain steadfast in maintaining its ultra-easy monetary... 21st October 2022 · 3 mins read
Japan Data Response Japan External Trade (Sep. 22) The trade deficit narrowed from its record high in August, but with the yen weakening significantly in recent days, any further narrowing of the deficit will likely be delayed. 20th October 2022 · 2 mins read
Japan Data Response Japan Machinery Orders (Aug. 2022) Although “core” machinery orders dropped sharply in August due to a crash in non-manufacturing orders, Q3’s average still points to an expansion in non-residential investment growth this quarter... 12th October 2022 · 2 mins read
Japan Data Response Japan Economy Watchers Survey (Sep. 2022) Current readings picked up in September’s Economy Watchers Survey but fell well short of the peaks seen after previous virus waves ended. However, we suspect that the fading virus wave, the domestic... 11th October 2022 · 2 mins read
Japan Data Response Japan Labour Cash Earnings (Aug. 22) The 1.6% annual rise in regular earnings last month was the largest since 1997 and jars with the fact that the labour market still isn’t as tight as it was pre-pandemic. We suspect employees are... 7th October 2022 · 3 mins read
Japan Data Response Bank of Japan Tankan (Q3 2022) Today’s Tankan survey suggests that while the services sector is benefitting from the subsiding virus wave, the outlook for the manufacturing sector continues to worsen. 3rd October 2022 · 3 mins read
Japan Data Response Labour Market, Retail Sales & Activity (Aug. 22) The unemployment rate dropped to a four-month low in August and a continued rise in the job-to-applicant ratio suggests that the labour market will continue to tighten. Meanwhile, both industrial... 30th September 2022 · 4 mins read
