Japan Data Response Japan Retail Sales & Industrial Production (Mar. 2022) The strong rebound in retail sales in March suggests that the post-Omicron recovery got off to a good start. Meanwhile, industrial production edged up last month, but it will continue to be held back... 28th April 2022 · 2 mins read
Japan Data Response Japan Labour Market (Mar. 2022) Employment bounced back in March and it should continue to recover over the coming months as long as the reopening doesn’t go into reverse again. That should push the unemployment rate back down to... 26th April 2022 · 2 mins read
Japan Data Response Japan Consumer Prices (Mar. 2022) Inflation picked up in March due to a further rise in utilities inflation and a jump in food inflation. And headline inflation will hit 2% in the April data released in just under a month’s time as... 22nd April 2022 · 2 mins read
Japan Data Response Japan External Trade (Mar. 2022) The export data were disappointing again in March, though exports are set for a strong rebound once supply shortages ease in hard-hit sectors such as automobiles. 20th April 2022 · 2 mins read
Japan Data Response Japan Machinery Orders (Feb. 2022) The sharp fall in machinery orders in February supports our view that business investment fell further in Q1 after a disappointing 2021. However, survey evidence and strong corporate profits point to... 13th April 2022 · 2 mins read
Japan Data Response Japan Wages & Household Spending (Feb. 22) Japanese wage growth strengthened in February and we think it will accelerate further over the coming months as overtime and bonus pay continue to recover. However, as the post-Omicron rebound wears... 5th April 2022 · 2 mins read
Japan Data Response Bank of Japan Tankan (Q1 2022) The fall in the Q1 Tankan suggests that GDP almost certainly contracted last quarter. However, non-manufacturing sentiment held up better-than-expected during the Omicron wave and the labour market... 1st April 2022 · 3 mins read
Japan Data Response Japan Industrial Production (Feb 2022) Industrial production was broadly unchanged in February after two monthly falls that still left output well below its pre-supply shortages peak. 31st March 2022 · 2 mins read
Japan Data Response Japan Retail Sales (Feb. 2022) Retail sales dropped again in February, making it almost certain that consumer spending fell across Q1. Looking into Q2 though, private consumption is well set for a strong, booster-boosted rebound. 30th March 2022 · 2 mins read
Japan Data Response Japan Labour Market (Feb. 2022) Employment was unchanged in February after January’s sizeable fall. But with all domestic restrictions since lifted and activity resuming its recovery, employment is set for a strong rebound over the... 29th March 2022 · 2 mins read
Japan Data Response Japan Flash PMIs (Mar. 2022) The March flash manufacturing PMI suggests that the war in Ukraine has intensified supply chain disruption for firms. By contrast, activity in the services sector bounced back and should continue to... 24th March 2022 · 2 mins read
Japan Data Response Japan Consumer Prices (Feb. 2022) Inflation picked up in February due to another jump in utilities inflation and a strong rise in fresh food inflation. We think headline inflation will rise above 2% in April as some of the spike in... 18th March 2022 · 2 mins read
Japan Data Response Japan Machinery Orders (Jan. 2022) The fall in machinery orders in January suggests that business investment may not recover much this quarter from a disappointing 2021. But with corporate profits recovering strongly last year, firms... 17th March 2022 · 2 mins read
Japan Data Response Japan External Trade (Feb. 2022) Exports fell again in February, though they should rebound over the coming months provided the recent Omicron outbreak in China doesn’t cause major supply chain disruptions to resurface. Bank of Japan... 16th March 2022 · 2 mins read
Japan Data Response Japan Labour Cash Earnings (Jan. 22) The pick-up in wage growth in January was broad-based. However, with regular pay growth still around 0%, the coming energy-driven surge in inflation towards the BoJ’s 2% target won’t be sustained... 8th March 2022 · 2 mins read
Japan Data Response Japan Labour Market (Jan. 2022) Employment fell back yet again in January after a strong rebound in December. But while employment might have fallen a bit further in February due to the Omicron wave, it should soon bounce back fast... 4th March 2022 · 2 mins read
