Capital Daily A few thoughts on the yen’s latest woes Although it’s showed little signs of it lately, we still expect the yen to rebound against the dollar. 26th June 2024 · 4 mins read
Japan Economics Weekly Concerns over weaker yen will prompt July rate hike The Bank of Japan is concerned that the weak yen will result in a renewed acceleration in non-energy goods inflation and we think that the slide of the exchange rate to multi-decade lows this week... 21st June 2024 · 4 mins read
Japan Rapid Response Japan Consumer Prices (May 24) The jump in headline inflation in May mostly reflected electricity price hikes that have further to run. By contrast, underlying inflation continued to slow rapidly and it will fall below 2% over the... 21st June 2024 · 2 mins read
Japan Rapid Response Japan External Trade (May 2024) Trade volumes were little changed in May which suggests that net trade provided a small drag on GDP growth this quarter. 19th June 2024 · 1 min read
Japan Chart Pack Japan Chart Pack (Jun. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. While the economy has only narrowly avoided a recession, activity should rebound over coming... 18th June 2024 · 1 min read
Japan Economics Update Bank will hike its policy rate once more in July The Bank of Japan disappointed markets today by announcing that it will only present a detailed plan for reducing its bond purchases at its July meeting. We think it will also deliver a final policy... 14th June 2024 · 3 mins read
Japan Economics Weekly Higher bond yields won’t prompt massive repatriation While 10-year JGB yields have fallen well below 1% as the BoJ today delayed the announcement of tapering plans to its July meeting, they are still around a decade-high. The ability of Japanese... 14th June 2024 · 5 mins read
Japan Rapid Response Bank of Japan Meeting (Jun. 24) The Bank of Japan announced today that it will present a detailed plan for reducing its bond purchases at the upcoming meeting in July and we think it will also deliver a final policy rate hike then... 14th June 2024 · 2 mins read
Capital Daily Treasury yields may not push JGB ones down further Although falling Treasury yields may continue to exert some downward pressure on Japanese Government Bond (JGB) yields, we don’t think that will drive them much lower by the end of the year. 13th June 2024 · 4 mins read
Japan Economics Update Revisiting the puzzle of falling job vacancies While the official job openings figures have fallen since late-2022, the bulk of the evidence suggests that firms are facing increasingly severe job shortages. One explanation for the fall in job... 12th June 2024 · 4 mins read
Japan Economics Update Why are US import prices from Japan rising? Rising car prices explain why US import prices from Japan haven’t fallen despite the sharp weakening of the yen. While growth in car prices has slowed as supply shortages have unwound, this hasn’t... 10th June 2024 · 2 mins read
Japan Economics Weekly Virtuous cycle will go into reverse next year The jump in wage growth in April provides tentative evidence that the strong pay results agreed in this year's spring wage negotiations are starting to filter through and we expect regular earnings... 7th June 2024 · 3 mins read
Bank of Japan Watch Window for policy tightening starting to close While there’s a chance that the Bank of Japan may reduce its bond purchases at the upcoming meeting, we think it will wait until its July meeting before making that announcement. We also expect the... 6th June 2024 · 8 mins read
Japan Economic Outlook Window for policy tightening is closing A rebound in real household incomes should ensure that the recent slump in output should turn into above-trend GDP growth of 1% over the next couple of years. Regardless, inflation will continue to... 4th June 2024 · 18 mins read
Japan Economics Weekly Lower education costs could boost fertility rate While Japan's fertility rate seems to have fallen to a record low last year, it has held up better than in many of its high-income neighbours. Most of the decline is driven by the decline in marriage... 31st May 2024 · 5 mins read
