Japan Data

  • 2019-04-18 20:30

    --Japan Core CPI Up 0.8% y/y In March Vs. +0.7% in February

    TOKYO (MNI) - Japan's nationwide core consumer price index rose 0.8% on year in March, accelerating from +0.7% in February. However, Bank of Japan officials maintain cautious on the outlook as they don't expect the rising trend to accelerate sharply.

    The March core CPI continued to be boosted by positive contribution from energy prices (0.39 percentage point in March vs. 0.34 percentage point in February and 0.37 percentage point in January).

    The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) rose 0.4% on year in March, unchanged from February.

  • 2019-04-10 02:37

    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Wednesday that consumer prices remain weak in Japan when compared with the economic expansion and the tightness of labor markets.

    "Weak price moves continue but prices for processed foods are raising. If price hike moves expand, corporate and household inflation expectations will rise gradually," Kuroda said at the Trust Companies Association of Japan.

    Kuroda, however, said that it will take time to achieve the 2% price stability target.

    "Various risks, including overseas economies, persist.

  • 2019-04-09 09:00

    --IMF WEO Keeps Japan 2020 GDP Forecast At 0.5%
    --IMF: Sustained monetary accommodation necessary

    TOKYO (MNI) - The International Monetary Fund has lowered its forecast for Japanese economic growth in 2019 to 1.0% from 1.1% in January, but kept its 2020 GDP forecast at 0.5%, the latest IMF's World Economic Outlook showed Tuesday morning in Washington.

    But the projected 1.0% growth in 2019 was higher than +0.9% made in October.

    The WEO said, "Japan's economy is set to grow by 1.0% in 2019 (0.1 percentage point higher than in the October WEO).

  • 2019-04-08 01:52

    --Japan March Consumer Confidence Index 40.5 Vs 41.5 Feb
    --Japan Govt Keeps View: Consumer Confidence Weakening

    TOKYO (MNI) - Japan's consumer confidence index fell a point to a seasonally adjusted 40.5 in March, the sixth straight monthly drop, according to the Consumer Confidence Survey released by the Cabinet Office Monday.

    The drop in the index, which came after a 0.3 point fall to 41.5 in February, was mainly caused by weaker prospects for overall economic well-being and employment condition.

    --The Cabinet Office left its assessment, saying consumer confidence was "weakening." The government in February lowered the assessment from January when it said that consumer confidence "showed weak moves."

    --Consumers were more pessimistic on the all four key aspects fo

  • 2019-04-05 00:53

    --BOJ March Consumer Sentiment Diffusion Index Down 4.9 To -19.2

    TOKYO (MNI) - The Bank of Japan's quarterly consumer survey saw sentiment fall from three months ago, as judged by income and business conditions.

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

    --The BOJ's consumer sentiment diffusion index for the current climate fell 4.9 points to -19.2 in March, extending December's 1 point decline -14.3. It was the third straight quarterly drop.

  • 2019-04-04 20:07

    --Japan Feb Average Wages -0.8% Y/Y, 2nd Straight Drop; Jan -0.6%
    --Japan Feb Real Average Wages -1.1% Y/Y; Jan -0.7%
    --Japan Feb Base Wages -0.1% Y/Y, 2nd Straight Drop
    --Japan Feb Overtime Pay -0.5% Y/Y, 3rd Straight Drop
    --Japan Feb Bonuses, Other Special Pay -34.2% Y/Y, Jan -1.4%

    TOKYO (MNI) - Average wages fell 0.8% on year in February, the second straight year-on-year drop following a 0.6% decline in January and real wages were 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 0.8% on year to Y264,435 in February, the second straight year-on-year drop following a 0.6% fall in Janu

  • 2019-04-03 20:58

    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Thursday that the BOJ will patiently maintain its easy policy to achieve the 2% price target while keeping a close eye on associated risks.

    "Profits at regional banks are in a process of falling on the back of a prolonged low interest rates.

  • 2019-04-03 01:12

    TOKYO (MNI) - Japan's estimated positive output gap resulting from tighter supply and firmer demand widened to 2.23 percentage points in the October-December quarter, up from 1.26 percentage points in July-September, the Bank of Japan said Wednesday.

    --It was the ninth 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, which is based on capital and labour stocks, was wider than the Cabinet Office's latest estimate at 0.0% percentage point, a figure based on revised Q4 GDP data of +0.5% on quarter, or an annualized rate of +1.9%.

    --The BOJ also said that Japan's potential growth rate for October-December 2018 was

  • 2019-04-01 20:26

    --BOJ Tankan: Biz Long-Term CPI Outlook Dips
    --BOJ Tankan: Biz 1-Yr ahead CPI Outlook at 0.9%, Dec 0.9%
    --BOJ Tankan: Firms' 3-Yr ahead CPI Outlook at 1.1% vs. Dec 1.1%
    --BOJ Tankan: Firms' 5-yr ahead CPI Outlook at 1.1% vs.

  • 2019-03-31 23:06

    TOKYO (Kyodo) - The name of Japan's new era, set to start on May 1, is "Reiwa," Chief Cabinet Secretary Yoshihide Suga said on Monday.

    The change will come into force as Crown Prince Naruhito succeeds his father Emperor Akihito to the throne as head of state, after the latter's expected abdication on April 30.

    A gengo -- a named era -- is used for the length of an emperor's reign and a change of era is an important event as it is used in minting coins and producing calendars and official documents among other purposes, although the Gregorian calendar is also widely used in Japan.

    Foreign Minister Taro Kono has said the government will notify 195 countries as well as international organizations of the decision through diplomatic missions at home and abroad and other