Japan Data Response Machinery Orders (Aug.) Even though machinery orders continued to recover in August, their current level still points to falling business investment in Q3, as does the ongoing decline in capital goods shipments. But the... 9th October 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Sep.) The renewed deterioration in the outlook component of today’s Economy Watchers Survey suggests that a rapid recovery of Japan’s economy is not on the cards. 8th October 2014 · 1 min read
Japan Data Response Current Account (Aug.) The current account surplus rebounded in August, and may rise a touch further in coming months as a result of the fall of the yen against the dollar. 8th October 2014 · 1 min read
Japan Data Response Tankan (Q3) The sharp deterioration in business conditions in the non-manufacturing sector in today's Tankan suggests that output may have shrunk yet again in the third quarter. 1st October 2014 · 1 min read
Japan Data Response Small Business Confidence (Sep.) The stagnation in small business confidence in September provides yet another indication that Japan's economic recovery remains sluggish. 30th September 2014 · 1 min read
Japan Data Response Labour Cash Earnings (Aug) Wage growth slowed in August, and will likely remain around 1% y/y in coming months as the summer bonus season has come to an end. 30th September 2014 · 1 min read
Japan Data Response Retail Sales, Industrial Production & Unemployment (Aug.) Today's data are unlikely to dispel concerns about the pace of recovery from last quarter's slump. 30th September 2014 · 1 min read
Japan Data Response Consumer Prices (national: Aug.; Tokyo: Sep.) Inflation dropped slightly in August, and we believe that it will moderate further towards year-end. This should increase pressure on the BoJ to provide more stimulus. 26th September 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (September) Despite the fall in today's flash manufacturing PMI, the decline in manufacturing activity appears to be nearing its end. 24th September 2014 · 1 min read
Japan Data Response External trade (Aug.) The trade deficit narrowed in August, and should shrink further in coming months as external demand has improved and oil prices have fallen. 18th September 2014 · 1 min read
Japan Data Response Business Outlook Survey (Q3) In contrast to the lacklustre monthly survey data for August, today’s Business Outlook Survey suggests that the economy returned to growth this quarter. 11th September 2014 · 1 min read
Japan Data Response Machinery Orders (Jul.) While machinery orders rose in July, they still have a long way to go to recover from the plunge in the second quarter. But the bigger picture is still that spare capacity has shrunk, so firms should... 10th September 2014 · 1 min read
Japan Data Response Consumer Confidence (Aug.) The first decline in consumer confidence since April adds to the uninspiring survey evidence released for August. 9th September 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Aug.) The fall in the current conditions component of today's Economy Watchers Survey suggests that the recovery is already levelling off before it has really started. 8th September 2014 · 1 min read
Japan Data Response GDP (Q2 Revised) & Current Account (July) The second estimate of Q2 GDP was little changed from the first and still shows a sharp decline in output last quarter. Meanwhile, the current account surplus may widen further in coming months as... 8th September 2014 · 1 min read
Japan Data Response Labour Cash Earnings (July) Wage growth surged in July, but is set to slow in coming months as the summer bonus season ends. 2nd September 2014 · 1 min read
