Japan Data Response Senior Loan Officer Survey (Q2) The BoJ’s Senior Loan Officer Survey signals that loan demand slowed last quarter and is set to remain weak. Loan growth should therefore decelerate. 17th July 2014 · 1 min read
Japan Data Response Machinery Orders (May) & Consumer Confidence (Jun.) Machinery orders were far weaker than expected in May. But some pullback was always on the cards in Q2 and the latest figures shouldn't derail hopes that shrinking spare capacity will underpin renewed... 10th July 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Jun.) & Current Account (May) The Economy Watchers Survey for June shows that optimism about the outlook has stabilised close to pre-tax hike levels and suggests that the economic recovery will continue in the second half of the... 8th July 2014 · 1 min read
Japan Data Response Labour Cash Earnings (May) The first rise in base pay in almost two years suggests that PM Abe's "Wage Surprise" is starting to work. 1st July 2014 · 1 min read
Japan Data Response Tankan (Q2) While today's Tankan points to a contraction in GDP of around 0.5% q/q last quarter, the survey suggests that the recovery will resume in the second half of the year. 1st July 2014 · 1 min read
Japan Data Response Small Business Confidence (Jun.) & Housing Starts (May) According to June's small business confidence, the economy has recovered quickly from the shock to demand caused by the consumption tax hike. 30th June 2014 · 1 min read
Japan Data Response Industrial Production (May) The rise in industrial production in May suggests that the sector is recovering from the weakness caused by the consumption tax hike. 30th June 2014 · 1 min read
Japan Data Response Consumer Prices (national: May; Tokyo: Jun.), Unemployment & Retail Sales (May) The rebound in retail sales and the renewed decline in the unemployment rate in May confirm that the slump following the consumption tax hike was short-lived. 27th June 2014 · 1 min read
Japan Data Response Flash Manufacturing PMI (June) June's flash manufacturing PMI confirms that the economy has stabilised after the slump caused by the consumption tax hike. 23rd June 2014 · 1 min read
Japan Data Response Machinery Orders (Apr.) The inevitable plunge in machinery orders in April following March's surge does not alter our view that investment spending will continue to recover. 12th June 2014 · 1 min read
Japan Data Response Business Outlook Survey (Q2) Today's Business Outlook Survey points to a sharp drop in output this quarter, but firms still expect demand to recover in the second half of the year. 11th June 2014 · 1 min read
Japan Data Response Economy Watchers Survey & Consumer Confidence (May) The improvements in consumer confidence and the Economy Watchers Survey last month add to the evidence that the slump after the consumption tax hike is unlikely to last long. 9th June 2014 · 1 min read
Japan Data Response GDP (Q1 Revised) & Current Account (April) The second estimate of Q1 GDP confirmed that the recovery in business investment continued last quarter. Meanwhile, the current account returned to surplus after the sales tax hike as imports plunged. 9th June 2014 · 1 min read
Japan Data Response Labour Cash Earnings (Apr.) The ongoing fall in basic pay shows that the increases agreed upon in the spring wage negotiations have so far not filtered through to employees not covered by these talks. 3rd June 2014 · 1 min read
Japan Data Response Capital Expenditure (Q1) The Ministry of Finance's survey on corporate finances confirmed that the recovery in business investment continued last quarter. 2nd June 2014 · 1 min read
Japan Data Response Consumer Prices (national: Apr.; Tokyo: May), Unemployment & Industrial Production (Apr.) Neither the surge in inflation nor the slowdown in industrial production in April came as a surprise, and firms expect output to stabilise in coming months while inflation should moderate. 30th May 2014 · 1 min read
