Japan Data Response Machinery Orders (May) Machinery orders climbed to a seven-year high in May and suggest that business investment continued to expand last quarter. 9th July 2015 · 1 min read
Japan Data Response Economy Watchers Survey (Jun.) Today’s Economy Watchers Survey (EWS) suggests that industrial output is no longer falling, but a rapid rebound is not on the cards either. 8th July 2015 · 1 min read
Japan Data Response Current Account (May) The current account surplus jumped in May, but we think it will fall again in coming months. 8th July 2015 · 1 min read
Japan Data Response Tankan (Q3) While the Tankan rose last quarter, a range of activity data point to a contraction in GDP in Q2. 1st July 2015 · 1 min read
Japan Data Response Labour Cash Earnings (May) Beyond a handful of economies in Emerging Europe, the direct links between Greece and the rest of the emerging world are limited. What matters for most EMs is not so much the crisis in Greece itself... 30th June 2015 · 1 min read
Japan Data Response Industrial Production & Retail Sales (May) The plunge in industrial production in May points to a contraction in GDP this quarter, and corroborates our view that the Bank of Japan will have to step up the pace of easing before too long. 29th June 2015 · 1 min read
Japan Data Response Unemployment, Consumer Prices, Household Spending (May) Even though the labour market continues to tighten, the Bank of Japan’s preferred inflation measure fell towards zero last month. Sluggish consumer spending suggests that price pressures are unlikely... 26th June 2015 · 1 min read
Japan Data Response Small Business Confidence (Jun.) Following the drop in the flash estimate of the manufacturing PMI, the fall in small business confidence in June adds to evidence that the economy slowed sharply in Q2. 24th June 2015 · 1 min read
Japan Data Response Flash Manufacturing PMI (Jun.) The renewed fall in the manufacturing PMI in June provides additional evidence that activity in the sector may have fallen in the second quarter. 23rd June 2015 · 1 min read
Japan Data Response External trade (May) The trade deficit narrowed slightly in May, but should creep higher in the second half of the year as the weaker yen pushes up import costs. 17th June 2015 · 1 min read
Japan Data Response Machinery Orders (Apr.) The renewed rise in machinery orders in April suggests that non-residential investment should continue to recover in the second quarter. 10th June 2015 · 1 min read
Japan Data Response Consumer Confidence (May) The small drop in consumer confidence last month masks a rebound in households’ income expectations, which suggests that they may increasingly be willing to spend some of the windfall from lower... 9th June 2015 · 1 min read
Japan Data Response Economy Watchers Survey (May) Today’s Economy Watchers Survey (EWS) suggests that activity in the manufacturing sector slowed sharply in the second quarter. 8th June 2015 · 1 min read
Japan Data Response GDP (Q1 Revised) & Current Account (Apr.) While revised data showed that Q1 GDP expanded even more strongly than initially estimated, a slowdown in Q2 looks likely. 8th June 2015 · 1 min read
Japan Data Response Labour Cash Earnings (Apr.) We wouldn’t read too much into the rebound in wage growth in April. In fact, we think that labour costs will continue to grow far too slowly to create broad-based price pressure. 2nd June 2015 · 1 min read
Japan Data Response Capital Expenditure (Q1) The Ministry of Finance’s survey on corporate finances suggests that business investment was stronger last quarter than initially estimated. 1st June 2015 · 1 min read
