Japan Data Response Machinery Orders (Aug.) Machinery orders rose further in August and suggest that the recovery in investment spending continued last quarter. With firms facing rising capacity shortages, the outlook for capital expenditure... 11th October 2017 · 1 min read
Japan Data Response Economy Watchers Survey (Sep.) The jump in household activity in today’s Economy Watchers Survey suggests that the recent slowdown in consumer spending is unlikely to last. And if anything, buoyant consumers should bolster the... 10th October 2017 · 1 min read
Japan Data Response Labour Cash Earnings (Aug.) The rebound in wage growth in August reflects a fading drag from falling summer bonuses rather than any acceleration in regular earnings. Stronger gains in part-time pay suggest that underlying wage... 6th October 2017 · 1 min read
Japan Data Response Consumer Confidence (Sep.) Households remained upbeat ahead of the upcoming Lower House elections which is one reason why we expect the ruling coalition to defend its majority. 3rd October 2017 · 1 min read
Japan Data Response Tankan (Q3) Today’s Tankan survey suggests that growth remained robust in the third quarter. Capacity and staff shortages are the most pronounced since the early 1990s and the survey suggests that price pressures... 2nd October 2017 · 1 min read
Japan Data Response Activity, Labour Market & Inflation (Aug.) Today’s activity data point to a slowdown in GDP growth in Q3. Meanwhile, price pressures are strengthening again as the labour market remains tight. But we expect inflation to settle around 0.5% in... 29th September 2017 · 1 min read
Japan Data Response Small Business Confidence (Sep.) Small business confidence was little changed in September and points to modest gains in industrial production. Meanwhile, the survey confirms that capacity shortages have intensified but suggests that... 27th September 2017 · 1 min read
Japan Data Response Flash Manufacturing PMI (Sep.) The pick-up in the manufacturing PMI in September suggests that industrial activity continued to rise at a strong pace in the third quarter. However, the survey suggests that price pressures remain... 25th September 2017 · 1 min read
Japan Data Response External Trade (Aug.) Export volumes rose the most since 2010 in August which suggests that net trade should have started to support growth in the third quarter. 20th September 2017 · 1 min read
Japan Data Response Machinery Orders (Jul.) The rebound in machinery orders in July was overdue, but the figures have become increasingly less reliable as an indicator of capital spending. The bigger picture is that investment should continue... 11th September 2017 · 1 min read
Japan Data Response Economy Watchers Survey (Aug.) The EWS showed a rebound in manufacturing conditions which points to solid gains in industrial output. However, household conditions weakened which suggests that the recovery in consumer spending is... 8th September 2017 · 1 min read
Japan Data Response GDP (Q2 Revised) & Current Account (Jul.) Revised data show that GDP growth last quarter wasn’t quite as strong as initially reported, and the early indications point to a slowdown in Q3. But the bigger picture is that the economy is... 8th September 2017 · 1 min read
Japan Data Response Labour Cash Earnings (Jul.) The fall in labour cash earnings in July was entirely due to a slump in bonus payments, whereas regular pay is holding up. Nonetheless, there is still a long way to go to reach the Bank of Japan’s 2%... 6th September 2017 · 1 min read
Japan Data Response Consumer Confidence (Aug. 17) While consumer confidence declined in August, it remains high by past standards. Households are upbeat about labour market prospects and their personal finances, which should support consumer spending... 1st September 2017 · 1 min read
Japan Data Response Industrial Production (Jul.) The renewed fall in industrial production and the slump in capital goods shipments in July suggest that growth slowed in the third quarter. 31st August 2017 · 1 min read
