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☆ Japan factory output rises 2% in June as demand buoys manufacturers
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

TOKYO, July 31 (Reuters) - Japanese factory output improved in June for the first time in two months, government data showed on Monday, highlighting growing confidence among manufacturers buoyed by strong demand. Output rose 2.0% in June from a month prior on a seasonally adjusted basis, missing the 2.4% median market forecast. Electronic components and devices output rose 6.8% as shipments of capacitors used in smartphones increased, the METI official said. Manufacturers surveyed by METI expected output to fall 0.2% in July and increase 1.1% in August, the data also showed. Separate data showed retail sales rose 5.9% in June from a year earlier, in line with economist forecasts.

Persons: Taro Saito, METI, We'll, Satoshi Sugiyama, Kim Coghill, Christopher Cushing Organizations: NLI Research, Bank of, Reuters, Ministry, Economy, Trade, Industry, Toyota, Honda, Nissan, Manufacturers, Thomson Locations: TOKYO, Japan

Global financial markets have been closely watching Japan's wage data, as Bank of Japan Governor Kazuo Ueda regards pay growth as a key gauge to consider in deliberations about a shift in policy. Regular wages rose 1.8% in May from a year before, labour ministry data showed, the biggest gain since February 1995. The strong base pay growth boosted worker's total cash earnings, or nominal wages, by 2.5% in May, after a revised 0.8% increase logged in April. Still, real wages contracted 1.2% in May, the 14th consecutive month of year-on-year declines, as relentless consumer inflation outstrips nominal pay growth and squeezes households' buying power. On a seasonally adjusted month-on-month basis, household spending was down 1.1%, versus an estimated 0.5% gain to mark a fourth month of decline.

Persons: Kazuo Ueda, Kuroda, Hisashi Yamada, Rengo, Takumi Tsunoda, Shinichi Uchida, Taro Saito, Satoshi Sugiyama, Kantaro, Tetsushi Kajimoto, Sam Holmes Organizations: Global, Bank of Japan, Hosei University, Shinkin Central Bank Research, Nikkei, BOJ's, NLI Research, Thomson Locations: TOKYO

☆ Japan logs record merchandise trade deficit in January as export growth slows
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: +2 min

A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Growth in Japan's merchandise exports slowed sharply in January amid weakening Chinese demand for cars and chipmaking machinery, stoking concern about a global slowdown and creating the country's largest trade deficit on record. Trade figures issued on Thursday followed weaker-than-expected gross domestic product data, underscoring the challenge for the Bank of Japan in achieving growth led by private demand while stably sustaining inflation above 2%. "In a nutshell, exports are weakening," said Taro Saito, chief economist at NLI Research Institute. The result was a 3.49 trillion yen ($26.07 billion) deficit in merchandise trade in January, the biggest in records going back to 1979, the data showed.

☆ Japan logs record merchandise trade deficit in Jan as export growth slows
▼ + stars: | 2023-02-16 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

Summary Jan merchandise exports +3.5% yr/yr vs forecast +0.8%Imports +17.8% yr/yr vs forecast +18.4%Trade deficit at record Y3.49 trln vs forecast Y3.87 trillionCommodity inflation peaking but trade deficit to linger -analystTOKYO, Feb 16 (Reuters) - Growth in Japan's merchandise exports slowed sharply in January amid weakening Chinese demand for cars and chipmaking machinery, stoking concern about a global slowdown and creating the country's largest trade deficit on record. Trade figures issued on Thursday followed weaker-than-expected gross domestic product data, underscoring the challenge for the Bank of Japan in achieving growth led by private demand while stably sustaining inflation above 2%. The result was a 3.49 trillion yen ($26.07 billion) deficit in merchandise trade in January, the biggest in records going back to 1979, the data showed. Data issued on Monday showed Japan's economy, the world's third largest, had grown at an annualised rate of only 0.6 in the fourth quarter as business investment slumped. Japan reports trade in services separately, in its current account data.

☆ Slumping China-bound Japanese exports raise fears of global downturn
▼ + stars: | 2023-01-19 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

Exports to largest trading partner China fell 6.2% year-on-year in value and were down 24% in volume terms in December. Exports to the United States in December rose 16.9% from a year ago, led by cars, mining equipment and aero-engine parts. In the worst case, it may deal a blow to Japanese exports, which could in turn hit Japan's factory output and capital expenditure," said Atsushi Takeda, chief economist at ITOCHU Research Institute. "Trade deficits will stay at high levels even as import growth slows with oil prices falling and weak yen running its course. That's because exports remain weak due to lacklustre global demand," said Taro Saito, executive research fellow at NLI Research Institute.

☆ Bank of Japan keeps ultra-low rates, dovish policy guidance
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +11 min

Sept 22 (Reuters) - The Bank of Japan maintained ultra-low interest rates and dovish policy guidance on Thursday, reassuring markets that it will continue to swim against a global tide of central banks tightening monetary policy to combat soaring inflation. "However, we believe that the BOJ will never allocate monetary policy for the FX rate adjustment and will stick to the YCC policy. "The most important thing is how the foreign-exchange rate reacts to that contrast in monetary policy between the U.S. and Japan. It also leaves the impression there will be no change in monetary policy during Kuroda's remaining term." He has said lesser about any merit of the weak yen recently out of consideration towards public sentiment against rising costs of living."

☆ В Японии проживает более 10 млн бедных
▼ + stars: | 2021-01-20 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Несмотря на относительно низкий уровень бедности, статистика в Японии маскирует реальные экономические проблемы населения, возникшие во время пандемии, говорится в статье, опубликованной 19 января агентством AFP. В публикации говорится, что в Японии, экономика которой является третьей по величине в мире, последствия эпидемии относительно невелики — погибло около 4500 человек. «Я точно знаю, что средний класс рушится», — комментирует ситуацию глава некоммерческой организации по оказанию помощи Tenohasi Кенджи Сейно (Kenji Seino). По словам сотрудника Исследовательского института страховой компании «Ниссеи» (NLI Research Institute) Таро Сайто (Taro Saito) повышение уровня безработицы в Японии на один процентный пункт приводит примерно к 3000 дополнительных самоубийств в год. При этом все эксперты сходятся на том, что масштабы бедности в Японии намного меньше, чем во многих странах — даже в других развитых государствах.

Persons: Ren Ohnishi, — Tenohasi, Kenji Seino, Taro Saito, Рен Ониши ( ), Кенджи Сейно, Таро Сайто ( ) Organizations: Independent, Research Institute, Центр поддержки независимой жизни Мойя ( ), Исследовательский институт страховой компании «Ниссеи» ( ) Locations: AFP, Япония

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