Japan Data Response

Economy Watchers Survey (Oct.)

Allowing for seasonal factors, the Economy Watchers Survey climbed to a ten-month high in October. However, the index remains consistent with sluggish activity in the manufacturing sector.

9th November 2016 · 1 min read

Japan Data Response

Labour Cash Earnings (Sep.)

Wage growth remained weak in September as regular earnings are barely rising. The upshot is that the tight labour market has yet to generate noticeable cost pressures.

7th November 2016 · 1 min read

Japan Data Response

Consumer Confidence (Oct.)

While consumer confidence weakened slightly last month, the survey still points to a rebound in consumer spending. Meanwhile, inflation expectations show further signs of stabilising.

2nd November 2016 · 1 min read

Japan Data Response

Industrial Production & Retail Sales (Sep.)

While today’s retail sales data suggest that private consumption may at best be flat in Q3, the industrial production figures point to continued recovery. We therefore stick to our forecast of a 0.1%...

31st October 2016 · 1 min read

Japan Data Response

Household Spending, Unemployment & Consumer Prices (Sep.)

The labour market is getting increasingly tight. However, consumer spending remains sluggish and the slowdown in underlying inflation shows that price pressures continue to moderate.

28th October 2016 · 1 min read

Japan Data Response

Small Business Confidence (Oct.)

Despite a rise in October, small business confidence still points to stagnant industrial production at best, and the outlook is not any better.

26th October 2016 · 1 min read

Japan Data Response

External trade (Sep.)

The contraction in export values eased last month as the drag from falling prices is fading, and export volumes recorded the strongest rise since January last year. However, the renewed recent...

24th October 2016 · 1 min read

Japan Data Response

Machinery Orders (Aug.)

Despite a drop in August, machinery orders point to a rebound in investment spending in Q3. However, falling capital goods shipments and the deterioration in business confidence suggest that capital...

12th October 2016 · 1 min read

Japan Data Response

Economy Watchers Survey (Sep.)

Allowing for seasonal factors, the Economy Watchers Survey continued to improve in September. However, “current conditions” still point to falling industrial output.

11th October 2016 · 1 min read

Japan Data Response

Labour Cash Earnings (Aug.)

Wage growth slowed in August as the bonus payments slumped after the end of the summer bonus season. While growth in hourly wages remains strong, we expect it to fall again in coming months.

7th October 2016 · 1 min read

Japan Data Response

Consumer Confidence (Sep.)

The improvement in consumer confidence in September suggests that the recent surge in the household saving rate is unlikely to continue. Another positive sign is that inflation expectations seem to be...

4th October 2016 · 1 min read

Japan Data Response

Tankan Q3

According to today’s Tankan survey, conditions in the manufacturing sector remained the weakest they have been seen the launch of QQE, while conditions in non-manufacturing continued to worsen. The...

3rd October 2016 · 1 min read

Japan Data Response

Industrial Production, Household Spending, Unemployment & Consumer Prices (Aug.)

While the consumer spending data send conflicting messages for Q3 GDP growth, the solid rise in industrial production in August strongly suggests that Japan’s economy continued to recover in the third...

30th September 2016 · 1 min read

Japan Data Response

Retail Sales (Aug.)

Even though retail sales values dropped in August, the data suggest that consumer spending rebounded in the third quarter.

29th September 2016 · 1 min read

Japan Data Response

Small Business Confidence (Sep.)

Even though small business confidence remains consistent with falling industrial production despite a rebound in September, firms’ forecasts for October suggest that conditions are on the mend.

28th September 2016 · 1 min read