Japan Data

  • 2019-03-06 02:31


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

    The median forecast by six economists for revised Q4 GDP is +0.5% on quarter, or an annualized +1.8%, compared with the preliminary estimate of +0.3% q/q, or an annualized +1.4%. The forecasts ranged from +0.4% to +0.6% q/q, and +1.5% to +2.5% annualized.

    Japan's economy bounced back from a weak Q3 in the October-December period, thanks to higher private consumption and capital investment.

  • 2019-03-05 02:31


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

    The median forecast by six economists for revised Q4 GDP is +0.5% on quarter, or an annualized +1.8%, compared with the preliminary estimate of +0.3% q/q, or an annualized +1.4%. The forecasts ranged from +0.4% to +0.6% q/q, and +1.5% to +2.5% annualized.

    Japan's economy bounced back from a weak Q3 in the October-December period, thanks to higher private consumption and capital investment.

  • 2019-03-04 02:31


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

    The median forecast by six economists for revised Q4 GDP is +0.5% on quarter, or an annualized +1.8%, compared with the preliminary estimate of +0.3% q/q, or an annualized +1.4%. The forecasts ranged from +0.4% to +0.6% q/q, and +1.5% to +2.5% annualized.

    Japan's economy bounced back from a weak Q3 in the October-December period, thanks to higher private consumption and capital investment.

  • 2019-03-03 21:18


    TOKYO (MNI) - Bank of Japan Governor Haruhiko Kuroda said Monday that the bank will show how to implement an exit strategy from easy policy at an appropriate time after hitting the 2% price stability target.

    Kuroda told lawmakers, "It is important for the BOJ to make an exit strategy and to show it to markets in order to maintain the stability of financial markets."

    As for an exit strategy, Kuroda said that the BOJ needs to raise interest rates and shrink its balance sheet, which has grown in the wake of aggressive easy policy.

    When asked about the timing of hitting the 2% price target, Kuroda said that it is difficult to achieve the 2% price target in the forecast period to fiscal 2020 ending March 31, 2021.

    However, "momentum toward achieving the 2% price ta

  • 2019-03-01 03:25


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

    The median forecast by six economists for revised Q4 GDP is +0.5% on quarter, or an annualized +1.8%, compared with the preliminary estimate of +0.3% q/q, or an annualized +1.4%. The forecasts ranged from +0.4% to +0.6% q/q, and +1.5% to +2.5% annualized.

    Japan's economy bounced back from a weak Q3 in the October-December period, thanks to higher private consumption and capital investment.

  • 2019-03-01 01:35


    --Japan Feb Consumer Confidence Index 41.5 Vs 41.9 Jan
    --Japan Govt Lowers View: Consumer Confidence Weakening

    TOKYO (MNI) - Japan consumer confidence index fell 0.4 point to 41.5 in February on a seasonally adjusted basis, the sixth straight monthly drop, according to the Consumer Confidence Survey released by the Cabinet Office Friday.

    The drop in the index was caused by weaker overall economic well-being and the willingness to buy larger consumer goods.

    --The Cabinet Office lowered its assessment, saying consumer confidence was "weakening." The previous view was consumer confidence "showed weak moves."

    --Consumers were more pessimistic on the three out of the four key aspects for their sentiment; overall economic well-being, income conditions and the next six m

  • 2019-02-28 20:00


    --Tokyo Feb Core CPI Rises 1.1% Y/Y Vs +1.1% in Jan

    TOKYO (MNI) - The Bank of Japan remains cautious of the overall outlook on prices, as the annual pace of inflation in Tokyo, a leading indicator of the national average, was unchanged in February from the previous month.

    Tokyo core CPI rose 1.1% on year in February, unchanged January, with the gain still largely due to the higher positive contribution from crude prices (+0.44 percentage points in Feb vs. +0.40 pts in Jan).

    The February rise was also led by overseas package tours, although at a slightly slower pace than last month (+10.6% in Feb.

  • 2019-02-27 22:26


    MITO, Japan (MNI) - Bank of Japan board member Hitoshi Suzuki said Thursday that the BOJ needs to increase the sustainability of its easy policy as firms' cautious wage- and price-setting stance will restrict price hikes long into the future.

    Speaking to business leaders in Mito City, Suzuki added that households' caution toward price rises will also restrict price rises ahead.

    Suzuki, former commercial banker who joined the nine-member policy board in July 2017, also said that the BOJ should pay attention to the risk that an economic slowdown will increase banks' credit costs, causing a worsening of banks' profits.

    At the January 22-23 meeting, the BOJ board kept monetary policy unchanged, as Japan's economy is expanding moderately despite emerging downside risks.

  • 2019-02-27 20:25


    TOKYO (MNI) - Japan's industrial production posted a third straight month-on-month drop in January, clouding the Bank of Japan view that industrial production is on an increasing trend.

    Industrial output is a key piece of data for BOJ economists to assess and predict the pace of the current modest economic recovery and the outlook for economic activity as it reflects both external and domestic demand.

    January industrial production fell 3.7% on month in January following a 0.1% fall in December, according to preliminary data released Thursday by the Ministry of Economy, Trade and Industry (METI).

    January's 3.7% fall was weaker than the MNI median forecast of a 2.6% fall.

    The production drop in January was due mainly to lower output of electrical machine and inf

  • 2019-02-26 22:33


    TAKAMATSU, Japan (MNI) - Bank of Japan board member Goushi Kataoka said Wednesday that the BOJ needs to achieve the 2% price target quickly, as prolonged easing will cumulate policy side-effects, increasing the costs of an exit strategy.

    Kataoka repeated his view that it is appropriate for the BOJ to strengthen both their easy policy and commitment to it, as there is still some distance between the price stability target and the real price level.

    Speaking to business leaders in Takamatsu City, southern Japan, he didn't elaborate on how the BOJ could strengthen the degree of easy policy.

    At the January 22-23 meeting, the BOJ board kept monetary policy unchanged, as Japan's economy is expanding moderately despite emerging downside risks.

    The board decided voted