Tag - economic-indicators

 
 

ECONOMIC INDICATORS

Japan's consumer price index for January rose 2% from a year ago, topping estimates to support the Bank of Japan's move to end its negative interest rate policy.
BUSINESS / Economy
Feb 27, 2024
January inflation topped forecasts, data shows, supporting BOJ policy shift
Consumer prices excluding fresh food rose 2% from a year ago, while prices of processed food gained 5.9% and prices for lodging increased by 27%.
China saw a record six months of outflows from the equity market until this month, while foreign direct investment is at a 30-year low.
BUSINESS / Markets
Feb 26, 2024
China’s quant clampdown risks damaging fragile markets for years
Beijing's changes made it hard for quant funds' data-reliant models to outperform the market, and even resulting in repeated wrong predictions.
Japan's exports rose to a record high in January, lifted by robust shipments of cars and chipmaking equipment, marking the second straight month of growth despite concerns about slowing global demand.
BUSINESS / Economy
Feb 21, 2024
Export growth beats forecasts, adding to momentum for BOJ policy shift
Gains in exports are a positive sign after the economy unexpectedly fell into recession in the last quarter of 2023 due to stagnant domestic spending.
Japan's core machinery orders in December rose 2.7% from from the previous month.
BUSINESS / Economy
Feb 19, 2024
Japan's December core machinery orders rise, but recovery seen limited
Core orders went up 2.7% in December from the previous month, Cabinet Office data has shown.
Travelers at Shanghai Hongqiao railway station on Feb. 6. For the Feb. 10-17 period, there were 99.5 million rail trips made in China, a figure 36% higher than the comparable period in 2019.
BUSINESS / Economy
Feb 19, 2024
China’s new year travel and spending top pre-COVID levels
Some 474 million tourist trips were made around the country during the festival, which began Feb. 10 and concluded Saturday.
Gross domestic product contracted 0.4% on an annualized basis in the October-December 2023 quarter, following a 3.3% contraction in the previous quarter.
BUSINESS / Economy
Feb 15, 2024
Japan loses spot as No. 3 economy after surprise GDP contraction
Analysts caution that the data is perhaps not as bad as it seems, given solid readings from other economic indicators.
Japan’s latest growth figures are set to confirm it slipped to become the world's fourth-largest economy last year.
BUSINESS / Economy
Feb 13, 2024
Japan GDP set to confirm slip to world’s fourth-largest economy
Figures for the calendar year are almost certain to show the value of output falling behind Germany’s in dollar terms.
Nominal cash earnings among workers in Japan rose 1.0% in December from the previous year, government data shows.
BUSINESS / Economy
Feb 6, 2024
Japan’s wage data likely solid enough to keep BOJ policy shift on track
Nominal cash earnings rose 1.0% in December from the previous year with the help of a 0.5% gain in winter bonuses.
Garments at a Shein Group pop-up store inside a Forever-21 store in the Times Square neighborhood of New York on Nov. 10, 2023
BUSINESS / Companies
Jan 31, 2024
Cars and online retailers outperform as China exports disappoint
The sectors represented the fastest expansion among China's economy, with an export value of at least $10 billion.
Industrial output in December rose a seasonally-adjusted 1.8% from the previous month, following a 0.9% decline in November, with the industry ministry maintaining its basic assessment that it is fluctuating indecisively.
BUSINESS / Economy
Jan 31, 2024
Japan’s factory output gains to support economy’s patchy rebound
The rebound may potentially remove a hurdle for the Bank of Japan as it mulls the timing of a likely interest rate hike.
The unemployment rate fell to 2.4% in December, government data shows.
BUSINESS / Economy
Jan 30, 2024
Japan job market remains tight, keeping hopes for wage hikes
The Bank of Japan is watching the labor market closely as it seeks evidence of a virtuous cycle linking rising wages with demand-led price gains.
Core inflation in Tokyo slowed below the central bank's 2% target to hit the lowest level in nearly two years.
BUSINESS / Economy
Jan 26, 2024
Tokyo’s sharp cooling of inflation complicates BOJ’s policy outlook
Tokyo consumer prices excluding fresh food rose 1.6% in January, compared with 2.1% growth in December.
The value of Japan's exports rose at the fast pace in a year in December, propelled by shipments to China growing for the first time in over a year and record sales to the United States.
BUSINESS / Economy
Jan 24, 2024
Strong December exports boost odds of a return to growth last quarter
A return to growth would make it easier for the Bank of Japan to end its negative rate policy.
Japan's core inflation stayed above the central bank's 2% target in December but slowed for a second straight month, reinforcing expectations it will be in no hurry to phase out its massive monetary stimulus.
BUSINESS
Jan 19, 2024
Japan’s slowing inflation supports case for BOJ to wait longer
Growth in consumer prices excluding fresh food slowed to 2.3% in December from a year earlier.
Japan's core machinery orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, fell more than expected in November.
BUSINESS / Economy
Jan 18, 2024
Japan's core machinery orders fell more than forecast in November
Capital spending is one of the key drivers for Japan's economy and a major indicator of business confidence.
Japan's input inflation was flat in December, the weakest showing in almost three years.
BUSINESS / Economy
Jan 16, 2024
Japan’s input inflation flatlines for weakest result since 2021
Input prices were unchanged last month from a year earlier, the weakest showing in almost three years as the yen’s recent gains helped cap import costs.
Corporate bankruptcies with liabilities of at least ¥10 million increased 35.2% in 2023 from the previous year.
BUSINESS
Jan 15, 2024
Business failures in Japan hit eight-year high in 2023
Failures rose in all 10 surveyed sectors for the first time in 31 years, due to rising prices, deepening labor shortages and the start of repayments of COVID relief loans.
The yen's exchange rate against the dollar on Wednesday. The yen declined from ¥103 against the dollar in 2020 to as little as ¥151 in late 2023.
COMMENTARY / Japan
Jan 11, 2024
Is a weak yen good for Japan’s economy?
The yen's fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.
Japanese workers' real wages kept shrinking for a 20th month in November, raising fresh alarm for the sustainability of the country's economic recovery as firms enter the period of annual pay negotiations with labor unions.
BUSINESS
Jan 10, 2024
Japan’s slower wage growth adds to reasons for BOJ to hold
Nominal cash earnings for workers rose 0.2% from the previous year, decelerating sharply from a 1.5% increase in October, the labor ministry said.
Consumer price gains in Tokyo slowed for a second month in December.
BUSINESS / Economy
Jan 9, 2024
Tokyo inflation slows as thrifty consumers curb some outlays
Consumer prices excluding fresh food rose 2.1% in the capital, decelerating from 2.3% in November.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?