Japan

  • 2019-08-18 21:46


    TOKYO (MNI) - Kazushige Kamiyama, a former representative of the Bank of Japan's New York branch, has been promoted as the bank's chief economist and director-general of the BOJ Research and Statistics Department, effective immediately.

    The Bank of Japan announced the appointment on Monday, along with that of Toshitaka Sekine, the former chief economist, who has been appointed as the head of the Institute for Monetary and Economic Studies, the BOJ thinktank.

    --MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
    --MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com

    [TOPICS: MAJDS$,MMJBJ$,M$A$$$,M$J$$$]

  • 2019-08-12 21:15


    TOKYO (MNI) - Japan's corporate goods price index posted a second straight year-on-year drop in July, with the index falling to the lowest level since December 2016 when it was down 1.2% on year, data released by the Bank of Japan Tuesday showed.

    June's -0.1% was the first year-on-year drop in 30 months.

    A BOJ official said that the underlying trend of CGPI hasn't changed, although the index continues to be influenced by fluctuation of international commodity prices caused by the trade friction between the U.S. and China.

    He added that weak consumer goods prices (-1.6% on year in July vs.

  • 2019-08-08 21:34


    TOKYO (MNI) - The Bank of Japan Friday lowered the scale of its purchases of medium- and super long-term Japanese government bonds, while increasing the size of purchases for JGBs with a remaining life of 1 to 3 years.

    JGBs were little influenced by the BOJ's decisions after bonds opened higher, taking their lead from strong U.S.

  • 2019-08-08 20:24


    --Japan Q2 Real GDP +0.4% Q/Q; MNI Median +0.1%
    --Japan Q2 Real GDP +1.8% Annualized; MNI Median +0.5%
    --Japan Q2 GDP Posts 3rd Straight Rise
    --Japan Q2 Domestic Demand Contribution +0.7 PP
    --Japan Q2 Net Export Contribution -0.3 PP
    --Japan Q2 Public Investment +1.0% Q/Q, +0.0 Point Contribution
    --Japan Q1 Real GDP Revised to +0.7% Q/Q, +2.8% Annualized

    TOKYO (MNI) - Japan's economy posted a third straight quarter growth in the April-June period, up 0.4% q/q, or an annualized +1.8%, boosted by stronger private consumption and capital investment, preliminary GDP data released Friday by the Cabinet Office showed.

    Growth slowed slightly from Q1, which rose a revised 0.7% q/q, or an annualized 2.8%.

  • 2019-08-08 01:24


    --Japan July Econ Watchers Current Index 41.2; June 44.0
    --Japan July Watchers Current Index Posts 3rd Straight Drop
    --Japan July Watchers Outlook Index 44.3; June 45.8
    --Japan July Watchers Outlook Index Posts 1st Drop in 2 Months
    --Japan Govt Lowers View: Weakness seen in recovery

    TOKYO (MNI) - Japan's current sentiment index fell for a third consecutive month in July, weighed by items linked to households, such as retail sales and services, a key government survey released Thursday showed.

    The monthly 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 th

  • 2019-08-05 20:23


    --Japan June Average Wages +0.4% Y/Y, 1st Rise in 6 Months; May -0.5%
    --Japan June Real Average Wages -0.5% Y/Y; 6th Straight Drop; May -1.3%
    --Japan June Base Wages +0.1% Y/Y, 1st Rise in 6 Months
    --Japan June Overtime Pay -0.2% Y/Y, 1st Drop in 2 Months
    --Japan June Bonuses, Other Special Pay +0.9% Y/Y, May -0.4%

    TOKYO (MNI) - Average wages in Japan rose 0.4% year-on-year in June, the first rise in six months following a 0.5% decline in May and real wages are still in negative territory, preliminary data released Tuesday 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 rose 0.4% year-on-year to Y451,918 in June, the first rise in six months followi

  • 2019-08-05 00:34


    TOKYO (MNI) - Bank of Japan, Ministry of Finance and Financial Services Agency officials will meet from 1345 JST (0445 GMT) on Monday to exchange views amid the yen's rise and the sharp fall in the Nikkei stock index.

    The officials meet periodically to exchange views on global financial markets and Monday's meeting is the first since Thursday.

    As of 1307 JST (0407 GMT), the Nikkei stock index was at 20,594.05, down 493.11 points or 2.34% from Friday's close.

    The dollar traded at around Y106.02, down Y0.57 on Friday's close due to a narrowing interest rate gap between the U.S.

  • 2019-07-31 23:06


    KAGOSHIMA, Japan (MNI) - Bank of Japan Deputy Governor Masayoshi Amamiya said Thursday that the BOJ as well as other central banks will conduct policy as appropriate, without preconceptions.

    Packages of various measures, such as lowering short- and long-term interest rates, expanding asset purchases and accelerating the expansion of the monetary base, are possible, Amamiya told business leaders in Kagoshima City.

    The BOJ backed away from pre-emptive easing measures Tuesday, leaving policy unchanged, as the economy continues its moderate expansion, underpinned by solid domestic demand, although it admitted to greater downside risks to both activity and prices.

    The BOJ warned, "In particular, in a situation where downside risks to economic activity and prices, mainly

  • 2019-07-31 08:19


    --Focused On Markets Reaction To Fed Policy Decisions

    TOKYO (MNI) - The Bank of Japan said Wednesday it will leave the frequency and a range of its JGB purchases unchanged in August. Officials in charge of daily open market operations see no need to change the frequency and the size of purchases and didn't want to give unnecessary noise to markets before policy decisions by the U.S. Federal Reserve, due out late today.

    The schedule still sees it refrain from conducting JGB buying operations on days when the Ministry of Finance holds auctions or the B OJholds policy meetings.

    --CALENDAR

    The planned JGB purchase operations in August:

    The zones (amounts to be purchased in ranges)

    --1 to 3 years (Y250-Y500 bln in Aug. vs.

  • 2019-07-17 20:09


    TOKYO (MNI) - Japanese corporate demand for financing via bank loans fell in July from three months ago, as the slowing global economy weighed on corporate sales and capital investment, the Bank of Japan's latest quarterly survey of senior loan officers at 50 banks showed.

    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 -2 in July, down from +3 in April.