The average of household spending in Japan was up a seasonally adjusted 0.6 percent on month in August, the Ministry of Internal Affairs and Communications said on Tuesday – coming in at 313,977 yen. That beat expectations for an increase of 0.1 percent following the 1.7 percent jump in July. On a yearly basis, household […]
Bank of Japan will make policy decisions as appropriate and without any preconceptions, Governor Kazuo Ueda told business leaders in Osaka. Ueda refrained from providing clear signals about a potential interest rate hike, noting that the BoJ will closely monitor developments in the global economy and the impact of U.S. tariffs on Japan’s price dynamics.
Japan’s service sector activity strengthened in September as there were steep increases in both business activity and new orders, final purchasing managers’ survey data from S&P Global showed on Friday. The final services Purchasing Managers’ Index rose to 53.3 in September from 53.1 in August. A score above 50 indicates expansion. The flash reading was
The jobless rate in Japan came in at a seasonally adjusted 2.6 percent in August, the Ministry of Internal Affairs and Communications said on Friday. That missed forecasts for 2.4 percent and was up from 2.3 percent in July. The jobs-to-applicant ratio was 1.20, again missing forecasts for 1.22 – which would have been unchanged
Australian Dollar is staying the day’s top performer, rallying after the RBA kept its cash rate unchanged but leaned hawkish in tone. Later at the press conference, Governor Michele Bullock avoided any firm guidance on future cuts, telling reporters she would not “predict what the interest rate is going to be in the next three
Industrial production in Japan was down a seasonally adjusted 1.2 percent on month in August, the Ministry of Economy, Trade and Industry said on Tuesday. That missed forecasts for a decline of 0.7 percent following the 1.2 percent drop in July. On a yearly basis, industrial production slumped 1.3 percent. Upon the release of the
Overall inflation in the Tokyo region of Japan was up 2.5 percent on year in September, the Ministry of Internal Affairs and Communications said on Friday. That was shy of expectations for an annual increase of 2.6 percent, which would have been unchanged from the August reading. Core CPI, which excludes the volatile cost of
Japanese Prime Minister contender and Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that the weak Japanese Yen, coupled with rising oil costs from the Ukraine war, has caused cost-push inflation. Key quotes BoJ is conducting monetary policy in way that does not deviate much from the government’s thinking.Japan’s past aversion to strong yen has diminished,
Yen staged a broad rebound today after the BoJ held rates steady at 0.50% but delivered a hawkish signal with two members dissenting in favor of a hike. The shift in the board underlined growing momentum toward policy normalization. At the same time, the Nikkei pulled back sharply from record highs reached earlier this week,
Overall consumer prices in Japan were up 2.7 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. That was in line with expectations and down from 3.1 percent in July. On a seasonally adjusted monthly basis, inflation was up 0.1 percent for the second straight month. Core CPI, which
The forex markets were steady in early U.S. trading, with the BoC’s widely expected 25bps rate cut to 2.50% generating little reaction. The decision was fully priced in, and the absence of fresh guidance left traders reluctant to adjust positions. The BoC struck a cautious balance in its statement, offering no explicit signal of further
Producer prices in Japan were down 0.2 percent on month in August, the Bank of Japan said on Thursday. That missed expectations for a decline of 0.1 percent and down from the upwardly revised 0.3 percent gain in July (originally 0.2 percent). On a yearly basis, producer prices were up 2.7 percent – matching forecasts
Japan posted a current account surplus of 2.684 trillion yen in July, the Ministry of Finance said on Monday. That was well shy of expectations for a surplus of 2.266 trillion yen following the 1.348 trillion yen surplus in June. Exports were down 4.9 percent on year at 9.006 trillion yen and imports sank an
Global markets steadied on today as benchmark treasury yields dipped modestly after this week’s sharp jump. The pullback in yields helped ease pressure on risk sentiment, with European stocks trading slightly higher while U.S. futures hovered near flat. Sterling also managed a tentative rebound following its steep selloff yesterday. Although investor concerns over the U.K.’s
Global bond markets came under pressure in European session, led by a sharp selloff in long-dated UK gilts. Yield on UK 30-year surged past 5.65% to its highest in 27 years, breaking above the peak set in April. Investors are increasingly concerned that Prime Minister Keir Starmer’s government may abandon fiscal discipline ahead of the
The value of retail sales in Japan was up a seasonally adjusted 0.3 percent on month in July, the Ministry of Economy, Trade and Industry said on Friday – coming in at 13.335 trillion yen. That misses forecasts for an increase of 1.5 percent following the downwardly revised 1.9 percent gain in June (originally 2.0
The unemployment rate in Japan came in at a seasonally adjusted 2.3 percent in July, the Ministry of Internal Affairs and Communications said on Friday. That was below expectations for 2.5 percent, which would have been unchanged from the June reading. The jobs-to-applicant ratio was 1.22 – unchanged from the previous month by missing forecasts
