Tetsushi's Feed
Aug 21, 2014

Japan manufacturers’ mood, output rise, outlook dims

TOKYO (Reuters) – Japan’s manufacturers reported improving confidence and growth in new orders from domestic and export customers in August, but the service sector’s mood soured for a second straight month, reflecting a patchy economic recovery from April’s sales tax rise.

The Markit/JMMA flash Japan Manufacturing Purchasing Managers Index (PMI) rose to a seasonally adjusted 52.4 in August, up from a final reading of 50.5 in July as activity accelerated, sending the index further above the 50 threshold that separates expansion from contraction.

Aug 21, 2014

China, Japan Aug factory surveys signal economic softness

BEIJING/TOKYO, Aug 21 (Reuters) – China’s manufacturing
activity hit a three-month low in August, raising the case for
fresh policy steps to keep growth on track, while a Reuters poll
showed Japan’s economic recovery is likely to be modest despite
an small acceleration the factory sector.

Surveys conducted by HSBC/Markit and Reuters highlighted
fragility in recovery of the world’s second- and third-largest
economies at a time when policymakers try to walk a fine line
between supporting growth and pushing structural changes.

Aug 21, 2014

Japan manufacturers’ mood up, outlook dims: Reuters Tankan

TOKYO (Reuters) – Confidence at Japanese manufacturers inched up in August to mark the first improvement since April, but the service sector’s mood soured for the second straight month, a Reuters poll showed, reflecting a tame economic recovery from April’s sales tax rise.

While the service-sector mood is seen rebounding over the coming three months – suggesting the pain of the tax hike is easing – manufacturers’ sentiment is expected to slide, possibly reflecting weakness in external demand and factory output.

Aug 14, 2014

Japan second quarter machinery orders plunge; weak outlook challenges policymakers

TOKYO (Reuters) – Japan’s core machinery orders tumbled in April-June at their fastest since the last global financial crisis and only a modest rebound is seen in the current quarter – further challenging policymakers contending with a fragile economy.

The highly volatile data point, a key indicator of capital spending, followed news on Wednesday that the economy suffered its biggest contraction since 2011 in the second quarter as April’s sales tax hike took a heavy toll on private consumption.

Aug 14, 2014

Japan machinery orders rebound in June, but trend looks weak

TOKYO (Reuters) – Japan’s core machinery orders rose for the first time in three months in June after a record plunge in May, but weak exports and industrial production cloud the outlook for the capital spending needed to sustain economic growth.

The highly volatile data point, seen as a key indicator of capital spending, followed news on Wednesday that the economy suffered its biggest contraction since March 2011 as April’s sales tax hike took its toll on private consumption.

Aug 13, 2014

Japan Q2 economy contracts annualised 6.8 percent as tax hike bites

TOKYO (Reuters) – Japan suffered its biggest economic contraction since the devastating March 2011 earthquake in the April-June quarter as a sales tax hike took a heavy toll on household spending, stoking fears that any rebound may be too modest to sustain a solid recovery.

While the soft data is unlikely to shake the Bank of Japan’s conviction that the economy can ride out the tax hike impact, it could add pressure on the bank for further monetary easing if weakness in exports and consumption is prolonged.

Aug 13, 2014

Japan second quarter economy contracts annualised 6.8 percent on tax hike pain

TOKYO (Reuters) – Japan suffered its biggest economic contraction since the devastating March 2011 earthquake in the April-June quarter as a sales tax hike took a heavy toll on household spending, stoking fears that any rebound may be too modest to sustain a solid recovery.

While the soft data is unlikely to shake the Bank of Japan’s conviction that the economy can ride out the tax hike impact, it could add pressure on the bank for further monetary easing if weakness in exports and consumption is prolonged.

Aug 13, 2014

Japan Q2 economy contracts annualised 6.8 pct on tax hike pain

TOKYO, Aug 13 (Reuters) – Japan suffered its biggest
economic contraction since the devastating March 2011 earthquake
in the April-June quarter as a sales tax hike took a heavy toll
on household spending, stoking fears that any rebound may be too
modest to sustain a solid recovery.

While the soft data is unlikely to shake the Bank of Japan’s
conviction that the economy can ride out the tax hike impact, it
could add pressure on the bank for further monetary easing if
weakness in exports and consumption is prolonged.

Jul 29, 2014

Japan labour demand strengthens, good omen for economic recovery

TOKYO (Reuters) – Job availability in Japan hit its highest in 22 years in June as companies grew more confident about hiring, and household spending rebounded modestly – reinforcing expectations economic recovery will resume in the third quarter without the need for additional stimulus from the central bank.

The jobs-to-applicants ratio rose to 1.10 in June from 1.09 in the previous month, data from the labour ministry showed on Tuesday, matching a high last seen in June 1992, shortly after the asset-inflation bubble burst, leading to years of stagnation.

Jul 29, 2014

Japan labor demand strengthens, positive sign for spending

TOKYO (Reuters) – The availability of jobs in Japan held at its highest in more than two decades, official data showed, while news of rising household spending suggested consumers were shrugging off April’s sales tax hike.

Household spending rose 1.5 percent in June from the previous month in seasonally adjusted terms, falling short of economists’ median estimate of a 2.2 percent increase – reversing the contractions seen in April and May.