Japan posted a seasonally adjusted merchandise trade surplus of 153.1 billion yen in June, the Ministry of Finance said on Thursday. That was shy of estimates for a surplus of a surplus of 353.9 billion yen following the downwardly revised 638.6 billion yen deficit in May (originally a 637.6 billion yen shortfall). Exports were down […]
Markets shrugged off the latest US CPI release, with muted reactions across assets. While annual core inflation ticked slightly higher, the modest rise appears to be a relief for Fed and investors alike. Overall, the data does little to shift expectations around the Fed’s easing path. The July FOMC meeting remains firmly priced for a
Risk sentiment turned mildly negative in Asia on Monday following US President Donald Trump’s announcement of 30% tariffs on imports from the EU and Mexico, starting August 1. While US futures turned lower, equity markets in Asia were more muted, digesting the move in context of still-holding EU retaliation. The 30% tariff rate on EU
Producer prices in Japan were down 0.2 percent on month in June, the Bank of Japan said on Thursday. That was in line with expectations and down from the upwardly revised 0.1 percent contraction in May (originally -0.2 percent). On a yearly basis, producer prices climbed 2.9 percent – again matching forecasts and down from
The M2 money stock was up 0.9 percent on year in June, the Bank of Japan said on Wednesday – coming in at 1,268.4 trillion yen. That topped expectations for an annual increase of 0.2 percent and was up from 0.6 percent in May. The M3 money stock rose 0.4 percent to 1,616.2 trillion yen,
Overall bank lending in Japan was up 2.8 percent on year in June, the Bank of Japan said on Tuesday – coming in at 639.746 trillion yen. That beat forecasts for an increase of 2.3 percent and was up from 2.4 percent in May. Excluding trusts, lending jumped an annual 3.0 percent to 561.432 trillion
The average of household spending in Japan was up 4.7 percent on year in May, the Ministry of Economy, Trade and Industry said on Friday – coming in at 316,085 yen. That beat forecasts for an increase of 1.3 percent following the 0.1 percent contraction in April. On a monthly basis, household spending rose a
The manufacturing sector in Japan moved up into expansion territory in June, the latest survey from Jibun Bank revealed on Tuesday with a manufacturing PMI score of 50.1. That’s up from 49.4 in May and it moves up above the boom-or-bust line of 50 that separates expansion from contraction. Helping to push the headline index
The forex market opened the week with low volatility and mixed Asian equities, but politically driven developments are keeping some G10 currencies in motion. Dollar is the weakest performer so far, with the Canadian Dollar also under pressure despite rebounding from weekend lows. Yen leads amid safe-haven inflows, while Kiwi and Aussie post modest gains.
Industrial production in Japan was up a seasonally adjusted 0.5 percent on month in May, the ministry of Economy, Trade and Industry said on Monday. That missed forecasts for an increase of 3.4 percent following the 1.1 percent decline in April. On a yearly basis, industrial production was down 1.8 percent. Upon the release of
EUR/JPY trades near 170.00, its highest level since July 2024, on Friday. Soft Japanese data and steady BoJ stance undermine Yen demand. The euro remains firm despite a drop in Eurozone economic sentiment. The Euro (EUR) strengthens against the Japanese Yen (JPY) on Friday, with the EUR/JPY pair climbing toward levels not seen since July
Producer prices in Japan were up 3.3 percent on year in May, the Bank of Japan said on Tuesday. That beat forecasts for an increase of 3.1 percent and was down from 3.4 percent in April. On a monthly basis, producer prices dipped 0.1 percent after rising 0.7 percent in the previous month. Excluding international
Asian markets opened the week lower following the US military strikes on Iranian nuclear sites, marking a dramatic escalation in the Middle East. However, losses were limited and short-lived, with major indexes across the region quickly recovering earlier declines. Oil prices also staged a muted response. While WTI spiked on the news, the rally has
The value of core machinery orders in Japan was down a seasonally adjusted 9.1 percent on month in April, the Cabinet Office said on Wednesday – coming in at 919-0 billion yen. That beat forecasts for a decline of 9.3 percent following the 13.0 percent jump in March. On a yearly basis, core machinery orders
Corrects headline and first paragraph The Bank of Japan decided to maintain its interest rate and to reduce the pace of the amount of bond purchases from April next year. The policy board of the BoJ unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent. The decision came in
USD/JPY hovers near 144.20 as traders await the Bank of Japan’s rate verdict on Tuesday. Policy divergence from the US Federal Reserve underpins the US Dollar’s strength against the Yen. Any hawkish surprise from the BoJ could cap USD/JPY upside and support Yen demand. The Japanese Yen (JPY) is treading water against the US Dollar
Global markets were broadly steady on Monday, despite ongoing conflicts in the Middle East. The Nikkei led Asian bourses with a 1.26% while European indexes also opened higher. Even with Israel and Iran continuing to exchange military strikes, investor sentiment remained resilient. US equity futures are also treading water, suggesting cautiousness rather than panic ahead
