Japan Data Response Capital Expenditure (Q2) The Ministry of Finance's survey on corporate finances suggests that there won't be major adjustments to non-residential investment in the second estimate of Q2 GDP. In the meantime, April's... 1st September 2014 · 1 min read
Japan Data Response Consumer Prices, Unemployment, Industrial Production & Retail Sales (July) Today's data on industrial production and retail sales show that the economy continued to stagnate at the start of the third quarter. What's more, inflation moderated in July and is set to decline... 29th August 2014 · 1 min read
Japan Data Response Small Business Confidence (Aug.) While small business confidence weakened in August, firms expect conditions to improve strongly next month. 26th August 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (August) The improvement in the flash manufacturing PMI in August suggests that the sector has come back to life. 21st August 2014 · 1 min read
Japan Data Response External trade (Jul.) July's trade deficit was larger than expected, and indicates that net trade is unlikely to provide much support to GDP growth in the third quarter. However, the recent improvement in external demand... 20th August 2014 · 1 min read
Japan Data Response Machinery Orders (Jun.) While machinery orders bounced back in June, their overall weakness last quarter suggests that business investment may have fallen more than initially reported. 14th August 2014 · 1 min read
Japan Data Response GDP (Q2 Preliminary) The collapse in economic activity last quarter was largely a result of the higher sales tax, and we still believe that the recovery will resume in the second half of the year. 13th August 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Jul.) Today's Economy Watchers Survey showed that conditions continued to improve in July. Unfortunately, it also suggests that the recovery is unlikely to accelerate much further in coming months. 8th August 2014 · 1 min read
Japan Data Response Current Account (Jun.) While the current account balance worsened in June, we think it will remain in surplus in coming months. 8th August 2014 · 1 min read
Japan Data Response Labour Cash Earnings (June) While headline wage growth disappointed last month, the rise in base pay is reassuring. 31st July 2014 · 1 min read
Japan Data Response Industrial Production (Jun.) Industrial production fell sharply in June, and business surveys suggest that any recovery in coming months is unlikely to be vigorous. 30th July 2014 · 1 min read
Japan Data Response Small Business Confidence (Jul.) While the renewed improvement in small business confidence in July lifted the index well above its long-term average, the survey still points to sluggish industrial output. 29th July 2014 · 1 min read
Japan Data Response Unemployment, Retail Sales & Household Spending (Jun.) Today's data showed the second consecutive rise in retail sales following April's plunge and a tightening labour market suggests that the recovery in consumer spending should continue in coming months... 29th July 2014 · 1 min read
Japan Data Response Consumer Prices (national: Jun.; Tokyo: Jul.) The dip in nationwide inflation in June and the second consecutive fall in the capital region in July suggest that the impact of the sales tax hike has started to fade. We expect core inflation excl... 25th July 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (July) The decline in the manufacturing PMI in July suggests that the economy is recovering only slowly from the weakness caused by the consumption tax hike. 24th July 2014 · 1 min read
Japan Data Response External trade (Jun.) While the trade deficit widened last month, it remains much smaller than before the sales tax hike. This suggests that net trade finally ceased to be a drag on GDP growth last quarter. 24th July 2014 · 1 min read
