Japan Rapid Response Japan External Trade (August 2024) Even though the trade balance held up much better than most had anticipated in August, net trade will still provide a large drag on Q3 GDP growth. 18th September 2024 · 1 min read
Japan Rapid Response Japan Labour Cash Earnings (July 24) While weaker growth in bonus payments weighed on overall wage growth, base pay rose by the most since 1992 in July and we think it will continue to surge in the coming months. The preliminary estimate... 5th September 2024 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Jul. 24) The July activity data suggest that the economic recovery continued in Q3 but shifted down at least one gear. 30th August 2024 · 2 mins read
Japan Rapid Response Japan Labour Market (Jul. 24) & Tokyo CPI (Aug. 24) The jump in the unemployment rate in July should reverse before long as economic activity rebounds. Meanwhile, the renewed pick-up in underlying inflation in Tokyo in August is consistent with our... 30th August 2024 · 2 mins read
Japan Rapid Response Japan Consumer Prices (July 24) With underlying inflation falling below 2% for the first time since 2022 and set to decline further, the case for further monetary tightening is starting to diminish. 23rd August 2024 · 2 mins read
Japan Rapid Response Japan Labour Cash Earnings (June 24) The enormous rise in labour cash earnings in June was mostly driven by a jump in summer bonus that won’t be sustained, but the figures clearly point to another BoJ rate hike later this year if the... 6th August 2024 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (June 24) 31st July 2024 · 2 mins read
Japan Rapid Response Japan Labour Market (June) The conundrum of low unemployment despite falling job openings continued in June and we expect the labour market to keep treading water over coming months. 30th July 2024 · 1 min read
Japan Rapid Response Japan Tokyo CPI (July 24) The sharp slowdown in inflation excluding fresh food and energy in Tokyo this month reduces the likelihood that the Bank of Japan will raise interest rates next week, though we’re sticking to our... 26th July 2024 · 3 mins read
