Japan Data

  • 2019-07-05 01:34

    TOKYO (MNI) - The Bank of Japan's supply-side Consumption Activity Index posted the first drop in two months, down a real 0.4% on a seasonally adjusted basis, following +1.7% (revised from +1.4%) in April, data released Friday showed.

    The BOJ's Consumption Activity Index is designed to forecast revised private consumption, not a preliminary estimate.

    The index for the April-May period rose 0.8% on quarter, accelerating from 0% in the first quarter.

    BOJ officials think the developments in the index are consistent with the 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, they also judge that private consumption, whi

  • 2019-07-05 01:21

    --BOJ June 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 economic data, the latest release showed.

    These are the key points from the survey, published Friday:

    --The BOJ's consumer sentiment diffusion index for the current climate fell 5.8 points to -25.0 in June, the fourth straight quarterly drop after falling 4.9 points to -19.2 in March.

  • 2019-07-03 01:16

    TOKYO (MNI) - Japan's estimated positive output gap narrowed to 1.30 percentage points in the January-March quarter, as supply tightened and demand firmed, down from 1.98pp in October-December, the Bank of Japan said Wednesday.

    --It was the 10th straight quarter with a positive output gap, which is expected to increase pressure on consumer prices and inflation expectations, albeit with a lag of a few quarters.

    --The BOJ's estimate of the output gap, based on capital and labour stocks, was wider than the Cabinet Office's latest estimate at 0.2pp, a figure based on revised Q1 GDP data of +0.6% on quarter, or an annualized rate of +2.2%, and following -0.1pp for the October-December period.

    --The BOJ also said that Japan's potential growth rate for the October 2018-Mar

  • 2019-07-01 22:01

    TOKYO (MNI) - Japanese companies are anticipating lower inflation in the medium term while maintaining the same short and long term expectations as they did three months ago, according to the Bank of Japan's quarterly Tankan survey for June.

    The inflation outlook follows Monday's main Tankan release, and suggests that a pickup in consumer prices will remain slow.

    The Tankan showed that business sentiment, particularly among manufacturers, fell broadly from three months ago as sentiment was hit by China's slowing economy and the intensified trade tensions.

    The survey also showed capital investment plans by both large and small firms in this fiscal year were above historical averages, easing BOJ concern that the cycle from profits to business spending will stall.

  • 2019-06-19 18:00

    TOKYO (MNI) - A senior Bank of Japan official Wednesday warned that financial institutions' loans to real estate businesses, which are long-term lending, continued to post strong growth beyond that seen in overall lending.

    "The loans to real estates vs.

  • 2019-06-18 22:30

    TOKYO (MNI) - The Bank of Japan's June quarter Tankan survey, due July 1, will show a drop in sentiment among many business sectors from three months ago, as trade friction and heightened uncertainties over the global outlook continue to weigh, economists said.

    The Tankan will show that both major and smaller companies revised capital investment plans higher, although implementation may be delayed.


    The median economist forecast for the diffusion index (DI) for sentiment among major manufacturers is +10, down from +12 in March, for the second straight drop, with forecasts ranging from +7 to +11.

    Economists said that companies, especially major manufacturers, are seeing lower exports caused by the slowing Chinese economy and weak capit

  • 2019-06-10 01:47

    --Japan May Econ Watchers Current Index 44.1; Apr 45.3
    --Japan May Watchers Outlook Index 45.6; Apr 48.4
    --Japan May Watchers Outlook Index Posts 4th Straight Drop
    --Japan Govt leaves View: Weakness seen in recovery

    TOKYO (MNI) - Japan's current sentiment index fell in May, reversing April's gain, weighed by items linked to housing, and eating and drinking services, a key government survey released Monday showed.

    The 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 three months prior.

    These are the key points from the latest monthly Economy Watchers Survey, conducted by the Cabinet Off

  • 2019-06-09 20:23

    --Japan Q1 GDP Rev +0.6% Q/Q; Prelim +0.5%; MNI Median +0.6%
    --Japan Q1 Annualized GDP Rev +2.2% Vs +2.1%; MNI Median +2.2%
    --Japan Q1 Capex Rev +0.3% Q/Q; Prelim -0.3%; Median +0.5%
    --Japan Q1 Capex Contribution Revised At +0.1 Point Vs.

  • 2019-06-06 19:51

    --Japan Apr Average Wages -0.1% Y/Y, 4th Straight Drop; Mar -1.3%
    --Japan Apr Real Average Wages -1.1% Y/Y; Mar -1.9%
    --Japan Apr Base Wages +0.1% Y/Y, 1st Rise in 4 Months
    --Japan Apr Overtime Pay -1.1% Y/Y, 5th Straight Drop
    --Japan Apr Bonuses, Other Special Pay -3.2% Y/Y, Mar -9.4%

    TOKYO (MNI) - Japan's average wages fell 0.1% on year in April, the fourth straight year-on-year drop following a 1.3% decline in March, with real wages also in negative territory, preliminary data released Friday by the Ministry of Health, Labour and Welfare showed.

    The key points from the Monthly Labour Survey:

    --Total monthly average cash earnings per regular employee in Japan fell 0.1% on year to Y277,261 in April, the fourth straight year-on-year drop following a 1.3% fall in March

  • 2019-06-03 02:50

    TOKYO (MNI) - Japan's economy likely expanded at a faster than initially estimated in the January-March quarter, with business investment appearing to be stronger than initially expected, economists forecast Monday in the wake of a key government survey.

    The median forecast by six economists for revised Q1 GDP is +0.6% q/q, or an annualized +2.2%, compared with the preliminary estimate of +0.5% q/q, or an annualized +2.1%.