Asia

  • 2019-10-11 02:36


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Friday that there is sufficient room for the BOJ to conduct additional easing and it will decide after carefully examining the benefits and costs of further easing.

  • 2019-10-11 01:23


    --BOJ Sept Consumer Sentiment Diffusion Index Down 5.8 To -25.0

    TOKYO (MNI) - The Bank of Japan's quarterly consumer survey saw sentiment fall from three months ago, as judged by income, business conditions and footfall at retailers and restaurants, the latest data showed on Friday.

    These are the key points from the survey:

    --The BOJ's consumer sentiment diffusion index for the current climate fell 1.0 points to -26.0 in September, the fifth straight quarterly drop after falling 5.8 points to -25.0 in June.

  • 2019-10-09 21:25


    TOKYO (MNI) - Japan's corporate goods price index posted a fourth straight year-on-year decline in September, with the index falling to the lowest level since December 2016 when it fell 1.2% on year, data released by the Bank of Japan Thursday showed.

    September's 1.1% y/y fall accelerated from a 0.9% decline in August, -0.6% in July and -0.2% in June, which was then the first year-on-year drop in 30 months.

    A BOJ official noted that CGPI was weighed by weak gasoline prices, although higher prices for agriculture, forestry and fishery products offered upside pressure.

    The BOJ official didn't touch on the outlook for CGPI, or whether it is expected to fall further this year.

    On the month, CGPI was unchanged in September following a 0.3% fall in August.

    Jap

  • 2019-10-08 01:28


    --Japan Sep Econ Watchers Current Index 46.7; Aug 42.8
    --Japan Sep Watchers Current Index Posts 2nd Straight Rise
    --Japan Sep Watchers Outlook Index 36.9; Aug 39.7
    --Japan Sep Watchers Outlook Index Posts 3rd Straight Drop
    --Japan Govt Keeps View: Weakness seen in recovery

    TOKYO (MNI) - Japan's current sentiment index posted the second straight rise in September, helped by retail sales and drinking an eating services that saw front-loaded demand ahead of the Oct 1 sales tax hike, a key government survey released Tuesday showed.

    The monthly survey indicates whether respondents with jobs most sensitive to economic conditions -- taxi and truck drivers, department-store sales staff and restaurant and shop owners -- think economic conditions have improved or worsened from the th

  • 2019-10-07 21:55


    TOKYO (MNI) - Real average household spending in Japan rose 1.0% year-on-year in August for the ninth straight rise following the +0.8% movement in July. The data showed higher spending on food, furniture and household utensils, and clothing and footwear, according to data released Tuesday by the Ministry of Internal Affairs and Communications.

    Here are the key points from the monthly Family Income and Expenditure Survey on Households.

    --Real average spending by households with two or more people posted the ninth straight year-on-year rise in August, up 1.0% after an adjustment for the difference caused by using two different survey methods.

  • 2019-10-07 20:11


    --Japan Aug Average Wages -0.2% Y/Y, 2nd Straight Drop; July -1.0%
    --Japan Aug Real Average Wages -0.6% Y/Y; 8th Straight Drop; July -1.7%
    --Japan Aug Base Wages +0.3% Y/Y, 2nd Straight Rise; July +0.1%
    --Japan Aug Overtime Pay +0.9% Y/Y, 2nd Straight Rise; July +0.1%
    --Japan Aug Bonuses, Other Special Pay -11.4% Y/Y, July -3.3%

    TOKYO (MNI) - Average wages fell 0.2% year-on-year in August following a 1.0% fall in July, with real wages still in negative territory, according to preliminary data released Tuesday by the Ministry of Health, Labour and Welfare.

    Here are the key points from the Monthly Labour Survey:

    --Total monthly average cash earnings per regular employee in Japan fell 0.2% year-on-year to Y276,296 in August, the second straight drop following a 1.0% fall

  • 2019-10-07 01:32


    TOKYO (MNI) - The Bank of Japan's supply-side Consumption Activity Index posted the first rise in three months in August, up a real 3.1% on a seasonally adjusted basis, following an upwardly revised fall of 1.2% (previously -2.4%) in July and a revised fall of 0.6% in June, data released Monday showed.

    The index for the July-August period fell 0.1% on quarter, slowing from +0.9% (revised from +1.0%) in the second quarter.

    The BOJ believes the index underlines its latest assessment that "private consumption has been increasing moderately, albeit with fluctuations, against the background of steady improvement in the employment and income situation."

    However, it also sees private consumption, which accounts for about 60% of the total domestic output, as still lacking m

  • 2019-10-03 01:50


    --Adds Comments From Briefing in Paragraphs 5-12

    MATSUE, Japan (MNI) - The Bank of Japan must be pre-emptive in its actions to stop any risk of losing the momentum toward achieving its price stability target, board member Yukitoshi Funo said Thursday.

    "The slowdown in overseas economies continues and downside risks to global economy is increasing.

  • 2019-10-02 21:45


    MATSUE, Japan (MNI) - The Bank of Japan must pay greater attention to the risk that the momentum toward achieving the price stability target will be lost amid heightened downside risks to the global economy, board member Yukitoshi Funo said Thursday.

    "The slowdown in overseas economies continues and downside risks to global economy is increasing.

  • 2019-10-01 22:24


    --BOJ Sept Tankan: Firms 1-Yr Inflation Rate at 0.9%; 0.9% in June
    --BOJ Sept Tankan: Firms 3-Yr Inflation Rate at 1.0%; 1.0% in June
    --BOJ Sept Tankan: Firms 5-Yr Inflation Rate at 1.1%; 1.1% in June

    TOKYO (MNI) - The inflation outlook among Japanese companies was unchanged from three months ago, indicating any pickup in consumer prices will remain muted, the Bank of Japan's quarterly Tankan survey for September released Wednesday showed.

    The inflation outlook follows Tuesday's main Tankan release, that showed that business sentiment, mainly manufacturers, fell broadly from three months ago, hit by China's slowing economy and the intensified trade tensions.

    But the survey also showed capital investment plans by major and smaller firms in this fiscal year were above histo