Tetsushi's Feed
Jul 31, 2015

Japan finance minister – TPP is not a place to negotiate currencies

TOKYO (Reuters) – Japanese Finance Minister Taro Aso dismissed on Friday a call to set up a forum within the Pacific free trade negotiations to stop countries from manipulating exchange rates.

Aso’s comments follow remarks from Australia’s trade minister earlier this stating week that countries involved in the Trans-Pacific Partnership (TPP) free trade talks are considering a U.S. proposal for finance ministers to discuss currency questions.

Jul 31, 2015

Japan finmin: TPP is not a place to negotiate currencies

TOKYO (Reuters) – Japanese Finance Minister Taro Aso dismissed on Friday a call to set up a forum within the Pacific free trade negotiations to stop countries from manipulating exchange rates.

Aso’s comments follow remarks from Australia’s trade minister earlier this stating week that countries involved in the Trans-Pacific Partnership (TPP) free trade talks are considering a U.S. proposal for finance ministers to discuss currency questions.

Jul 30, 2015

Japan June factory output subdued, second quarter GDP contraction eyed

TOKYO (Reuters) – Japan’s factory output rose modestly in June after posting a big drop in the prior month, highlighting worries of a possible contraction in the second quarter as exports slump and manufacturers are saddled with large inventories.

The month-on-month rise compared with economists’ median estimate of a 0.3 percent increase, and it followed a 2.1 percent drop in May, trade ministry data showed.

Jul 30, 2015

Japan June factory output subdued, Q2 GDP contraction eyed

TOKYO, July 30 (Reuters) – Japan’s factory output rose
modestly in June after posting a big drop in the prior month,
highlighting worries of a possible contraction in the second
quarter as exports slump and manufacturers are saddled with
large inventories.

The month-on-month rise compared with economists’ median
estimate of a 0.3 percent increase, and it followed a 2.1
percent drop in May, trade ministry data showed.

Jul 21, 2015

Japan firms gear up for capex but some wary on outlook: Reuters poll

TOKYO (Reuters) – Two in five Japanese firms plan to boost capital spending this business year, and more than a third of those say it is because of rising demand, a Reuters poll showed, pointing to a pickup in confidence about the economy.

But tempering that upbeat view was a warning from about one-quarter of respondents that their sales are so far undershooting their business plans for the year that started in April. In contrast, just one-eighth of respondents said they were ahead of plan.

Jul 21, 2015

Japan business mood subdued on uncertainty over China -Reuters Tankan

TOKYO, July 21 (Reuters) – Confidence at Japanese
manufacturers in July was subdued and the service sector mood
dimmed the most in over a year, a Reuters poll showed,
reflecting how worries about the country’s economic outlook
linger despite pockets of strength.

The Reuters Tankan – which closely tracks the central
bank’s quarterly tankan survey – also showed both manufacturers’
and service-sector morale staying largely muted over the next
three months.

Jul 9, 2015

Rise in Japan machinery orders boosts capex, economic outlook

TOKYO (Reuters) – Japan’s core machinery orders in May unexpectedly grew for a third straight month, with the total value reaching a 7-year high and adding to recent evidence of a steady pickup in business spending seen as vital for a durable economic recovery.

The 0.6 percent rise in core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, beat economists’ median estimate of a 5.0 percent drop, Cabinet Office data showed.

Jul 7, 2015

Japan MOF names Masatsugu Asakawa as top financial diplomat

TOKYO (Reuters) – Japan’s Ministry of Finance said international policy veteran Masatsugu Asakawa will become the country’s top financial diplomat, whose tasks include coordinating with other nations and the IMF as well as arranging currency interventions.

Asakawa’s broad network with policymakers both inside and outside Japan puts him in an ideal position to coordinate with the Bank of Japan and other nations at a time when the Greek debt crisis threatens to ripple through the world economy.

Jul 1, 2015

Japan business mood improves, capex plans strong: BOJ tankan

TOKYO (Reuters) – Confidence at big Japanese manufacturers unexpectedly improved in the second quarter and is seen rising further, a central bank survey showed, offering some relief to policy-makers keen to jump-start an economy appearing to back slide again.

Service-sector sentiment also improved for the third straight quarter, indicating private consumption has finally shaken off the slump after last year’s sales tax hike.

Jun 25, 2015

JBIC’s Watanabe sees yen at current levels, Kuroda’s weak yen view not strange

TOKYO, June 25 (Reuters) – The yen is likely to move around
current levels towards year-end even if the United States raises
interest rates, said a former top currency diplomat who now
heads the state-operated lender Japan Bank for International
Cooperation.

Hiroshi Watanabe said he saw nothing strange in a recent
remark by Bank of Japan Governor Haruhiko Kuroda that the yen is
unlikely to weaken further.