Japan Data

  • 2019-11-08 00:40

    TOKYO (MNI) - The Bank of Japan's Consumption Activity Index posted a second straight gain in September, up a real 3.6% on a seasonally adjusted basis, following a downwardly revised gain of 2.6% (previously +3.1%) in August and a revised fall of 1.8% in July, data released Friday showed.

    The index for the third quarter rose 0.8% on quarter, slightly accelerating from +0.7% (revised from +0.9%) 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 consumer spending, which accounts for about 60% of the total domestic output, as lacking momentum as in

  • 2019-11-07 19:18

    --Japan Sep Average Wages +0.8% Y/Y; Aug -0.1%
    --Japan Sep Real Average Wages +0.6% Y/Y; 1st Rise in 9 Months; Aug -0.5%
    --Japan Sep Base Wages +0.5% Y/Y, 3rd Straight Rise; Aug +0.1%
    --Japan Sep Overtime Pay 0.0% Y/Y, Aug +0.1%
    --Japan Sep Bonuses, Other Special Pay +14.2% Y/Y, Aug -4.8%

    TOKYO (MNI) - Japan's average wages rose 0.8% year-on-year in September following a 0.1% fall in August, with real wages now back in positive territory, preliminary data released Friday by the Ministry of Health, Labour and Welfare showed.

    Here are the key points from the Monthly Labour Survey:

    --Total monthly average cash earnings per regular employee in Japan rose 0.8% year-on-year to Y272,937 in September, the first rise in three months following a 0.1% fall in August.


  • 2019-11-06 18:30

    TOKYO (MNI) - Japan's GDP growth is expected to have slowed in Q3 from the previous quarter, weighed by a negative contribution from net exports, although strong consumer spending ahead of the October sales tax hike will keep the economy in the black, according to economists surveyed by MNI.

    Strong capital investment on the back of the continued strong domestic demand is also helping stave off a deeper slowdown and economists are looking for preliminary Q3 GDP to grow by 0.2% q/q, or an annualized +0.8%, for the fourth straight quarterly rise.

  • 2019-10-31 05:14

    --BOJ Keeps Scale of All JGB Buying in November

    TOKYO (MNI) - The Bank of Japan said on Thursday it has decided to leave the scale and frequency of its bond buying operations unchanged in November.

    While the decisions were expected by JGB players as bond yields are moving stably, the central bank added it may increase the frequency as needed.

    It also said that the bank will conduct purchases in a flexible manner, taking account of market conditions, aiming to achieve the target level of a long-term interest rate specified by the guideline for market operations.

    The BOJ's schedule sees it refrain from conducting JGB buying operations on days when the Ministry of Finance holds auctions for JGBs or the BOJ board holds policy meetings.


    The planned

  • 2019-10-31 03:04

    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Thursday that the BOJ made it clear its stance of conducting additional easy policy without hesitation through the new forward guidance.

    "Judging from current economic and financial conditions, the BOJ would need to maintain the easy policy beyond spring 2020 and the BOJ changed the forward guidance," Kuroda said.

    "The BOJ stance of conducting easy policy doesn't retreat from the previous stance," although the BOJ didn't conduct additional easing policy on Thursday, Kuroda said.

    Earlier in the day, the BOJ board left policy unchanged, rejecting the chance to buy some insurance and take preemptive policy action as it maintained the view that the recovery was continuing as solid domestic demand continued to und

  • 2019-10-22 21:20

    TOKYO (MNI) - Japanese corporate demand for financing via bank loans rose in October from three months ago, the Bank of Japan's latest quarterly survey of senior loan officers at 50 banks showed Wednesday.

    The index for corporate fund demand -- calculated by subtracting the number of banks reporting a decline in lending from the number of those reporting an increase -- stood at +3 in October, up from -2 in July, helped by a pick-up in both sales and capital investment.

  • 2019-10-18 02:33

    TOKYO (MNI) - Bank of Japan Deputy Governor Masayoshi Amamiya said Friday the central bank needs to pay more attention to the risk that the momentum toward achieving the price stability target amid the heightened downside risks to the global economy.

    "We will manage monetary policy in an appropriate manner without holding any preconception, while re-examining various risks facing Japan's economy," Amamiya said at a credit union meeting.

    Exports remain weak and business sentiment among manufacturers turned to cautious clearly but domestic demand remains solid, he added.

    However, the deputy governor voiced concern over the outlook of Japan's economy, saying downside risks remain and the BOJ should carefully examine how developments of overseas economies affect Japan's

  • 2019-10-17 20:19

    TOKYO (MNI) - Japan's annual core consumer inflation rate slowed in September as energy costs turned lower on year, data from the Ministry of International Affairs and Communication released Friday showed.

    The key points from the latest CPI data:

    --The national average core consumer price index (excluding fresh food) rose 0.3% on year in September, slowing from 0.5% in August but in line with an MNI survey, recording a 33nd straight year-on-year rise.

    --The decelerating inflation rate was caused mainly by lower energy costs, which fell 1.9% on year in September, quicker than August's 0.3% drop.

    --Overall CPI rose 0.2% on year in September, also slowing from 0.3% in August.

    --The underlying inflation rate measured by the core-core CPI (excluding fresh foo

  • 2019-10-15 08:00

    --IMF Urges Undoing Trade Barriers, Fiscal Support

    WASHINGTON (MNI) - The International Monetary Fund downgraded its 2019 global growth forecast to 3%, the slowest since the global financial crisis, in the face of what it described as a "synchronized slowdown" prompted by rising trade barriers and uncertainty, as well as low productivity growth in the rich world.

    In its October World Economic Outlook, the IMF also cut its growth forecast for 2020 by 0.2 percentage point to 3.4%, noting that next year's improved performance would not be "broad based and is precarious," with advanced economy growth stuck at 1.7%.

  • 2019-10-11 00:23

    --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.