Japan Data

  • 2019-07-03 00:16

    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 21:01

    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 17:00

    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 21:30

    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 00:47

    --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 19:23

    --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 18:51

    --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 01:50

    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%.

  • 2019-06-02 19:21

    --Japan Q1 Non-Financial Firm Capex +6.1% Y/Y; Q4 +5.7%
    --Japan Q1 Capex (Ex-Software) +6.9% Y/Y; Q4 +5.5%
    --Japan Q1 Capex (Ex-Software) S/A +1.1% Q/Q; Q4 +3.3%
    --Japan Q1 Manufacturer Capex +8.5% Y/Y Vs Q4 +10.9%
    --Japan Q1 Non-Manufacturer Capex +5.0% Y/Y Vs Q4 +2.7%
    --Japan Q1 Non-Financial Current Profit +10.3% Y/Y Q4 -7.0%

    TOKYO (MNI) - Combined capital investment by non-financial Japanese companies rose 6.1% on year in the January-March quarter, after rising 5.7% in October-December, a quarterly survey of capital investment and corporate profits by major companies released by the Ministry of Finance showed Monday.

    But combined capital outlays (excluding software) rose a seasonally adjusted 1.1% in Q1, slowing from +3.3% in Q4, indicating a likely downward revision t

  • 2019-05-31 00:28

    --Japan May Consumer Confidence Index 39.4 Vs Apr 40.4
    --Japan Govt Keeps View: Consumer Confidence Weakening

    TOKYO (MNI) - Japan's consumer confidence index fell 1.0 to a seasonally adjusted 39.4 in May, the eighth straight monthly drop, the latest Consumer Confidence Survey released by the Cabinet Office showed Friday.

    The dip, which came after a 0.1 point fall to 40.4 in April, was due mainly to weaker earnings prospects and for purchases of durable goods.

    --The Cabinet Office left its assessment unchanged, 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 all four key sentiment indicators; income conditions, t