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Tetsushi Kajimoto - 2 Kim Kyung - 1 Marcel Thieliant - 1 Thieliant - 1 Takumi Tsunoda - 1 Shigeyuki Goto - 1 Goto - 1 Pasit Kongkunakornkul - 1
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Search resuls for: "Tetsushi Kajimoto Kantaro Komiya"


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☆ Japan's Q2 GDP beats forecasts as exports zoom
  + stars: | 2023-08-15 | by ( Tetsushi Kajimoto Kantaro Komiya | Tetsushi Kajimoto | Kantaro Komiya | ) www.reuters.com   time to read: +3 min
Japan’s Q2 GDP grows fastest in more than two yearsMarcel Thieliant, head of Asia-Pacific at Capital Economics, said the export-driven momentum in growth is unlikely to be sustained. Exports expanded 3.2% in the second quarter led by car exports and inbound tourism, while capital expenditure was flat. Strong U.S. and European demand has also supported exports while the post-COVID boom in foreign tourists has given the economy a much-needed tailwind. That boost in external demand, or net exports, added 1.8 percentage points to second quarter growth. It doesn't mean a strong recovery in Japanese economy," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.
Persons: Kim Kyung, Marcel Thieliant, Thieliant, Takumi Tsunoda, Shigeyuki Goto, Goto, Tetsushi Kajimoto, Pasit Kongkunakornkul, Sam Holmes Organizations: REUTERS, TOKYO, Capital Economics, Private, U.S, Shinkin Central Bank Research Institute, The Bank of Japan, Thomson Locations: Tokyo, Japan, Asia, China
☆ Japan exports grow unexpectedly on solid car sales, global demand still uneven
  + stars: | 2023-06-15 | by ( Tetsushi Kajimoto Kantaro Komiya | Tetsushi Kajimoto | Kantaro Komiya | ) www.reuters.com   time to read: +4 min
Ministry of Finance data showed on Thursday that exports rose 0.6% year-on-year in May, for the 27th straight month of rises, led by 66% growth in car shipments. Reuters GraphicsThis year, domestic demand may temporarily outpace slumping exports as a key driver of growth, said Takeshi Minami, chief economist at Norinchukin Research Institute. Separate government machinery orders data, also released Thursday, underlined the struggles faced by manufacturers though the overall numbers suggested the services sector is providing some cushion to the economy. U.S.-bound exports, another key market for Japanese exports, grew 9.4% in the year to May on double-digit gain in car shipment. "For the outlook of Japanese exports, the U.S. Fed's rate-hike pause is a positive news that will further vitalise American private consumption", said Kazuma Kishikawa, economist at Daiwa Institute of Research.
Persons: Darren Tay, Takeshi Minami, Kazuma Kishikawa, Tetsushi Kajimoto, Riddhima Talwani, Shri Navaratnam Organizations: Ministry of Finance, Capital Economics, Reuters, Norinchukin Research, Bank of Japan, Daiwa Institute of Research, Thomson Locations: TOKYO, Taiwan, South Korea, Japan, China, U.S
☆ Japan registers two straight years of export growth in February, outlook less rosy
  + stars: | 2023-03-16 | by ( Tetsushi Kajimoto Kantaro Komiya | Tetsushi Kajimoto | Kantaro Komiya | ) www.reuters.com   time to read: +3 min
The world's third-biggest economy has struggled to make a solid post-COVID recovery, undermined by lacklustre household consumption and a global slowdown. Slowing shipments to China, which fell for a third straight month, have also shattered policymakers' hopes for a quick rebound from the pandemic doldrums. Exports to China, Japan's largest trading partner fell 10.9% year-on-year in February, registering a second straight month of double-digit decline, as demand weakened for cars, auto parts and display-making equipment. Japan has now posted a trade deficit for 19 straight months. "Chances are 50-50 that Japan may slide into recession," said Takeshi Minami, chief economist at Norinchukin Research Institute.
☆ Japan's economy unexpectedly shrinks as hot inflation, global slowdown take toll
  + stars: | 2022-11-15 | by ( Tetsushi Kajimoto Kantaro Komiya | Tetsushi Kajimoto | Kantaro Komiya | ) www.reuters.com   time to read: +3 min
[1/3] A cargo ship and containers are seen at an industrial port in Tokyo, Japan, February 15, 2022. The world's third-biggest economy has struggled to motor on despite the recent lifting of COVID curbs, and has faced intensifying pressure from red-hot global inflation, sweeping interest rate increases worldwide and the Ukraine war. GLOBAL RISKSHowever, the risks to Japan's outlook have risen as the global economy teeters on the brink of recession. Economy Minister Shigeyuki Goto said a global recession could hit households and businesses. "As for 2023, Japan will be dragged into a mild recession in H1 by a global downturn that will weigh on exports and business investment."
☆ As intervention threat grows, Japan says FX speculators dealt with 'strictly'
  + stars: | 2022-10-21 | by ( Tetsushi Kajimoto Kantaro Komiya | Tetsushi Kajimoto | Kantaro Komiya | ) www.reuters.com   time to read: +2 min
"We are confronting speculators strictly," Suzuki told a regular news conference, when asked whether the Japanese yen was under attack by speculators. Suzuki was speaking as the dollar strengthened to 150.29 yen overnight, the highest since August 1990, after breaking the key psychological level of 150 on Thursday. "It's not that Japan's finances are undergoing a major shift in phase leading to the current yen weakening," Suzuki said, when asked if there were lessons for Japan from Britain's predicament that led to the resignation of Prime Minister Liz Truss. On the course of future monetary policy, Suzuki said it is up to the BOJ to decide. "We'll strive to maintain fiscal discipline with a major target of achieving primary budget surplus in fiscal 2025."
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