Tetsushi's Feed
Jan 30, 2015

Weak Japan inflation puts pressure on BOJ even as economy shows signs of life

TOKYO (Reuters) – Japan’s core inflation slowed for a fifth month in December and is seen pressured further by collapsing oil, putting more distance to the central bank’s 2 percent price target even as other data point to a steady recovery for the recession-hit economy.

The Bank of Japan will be encouraged by data showing a rise in factory output thanks to a much-awaited rebound in exports, while household spending showed signs of bottoming out.

Jan 30, 2015

Slowing Japan inflation keeps BOJ under pressure but output rebounds

TOKYO (Reuters) – Japan’s core consumer inflation slowed for a fifth straight month in December hit by collapsing oil prices, keeping the central bank under pressure to meet its ambitious 2 percent inflation target.

But factory output rose 1.0 percent in December helped by a much-awaited rebound in exports and manufacturers expect to increase production in January, boding well for an economy emerging from recession.

Jan 29, 2015

Japan retail sales rise for six straight month in sign of recovery

TOKYO (Reuters) – Japan’s retail sales rose for a sixth straight month in December, providing evidence of a gradual recovery in private consumption as the economy climbs out of recession.

The 0.2 percent year-on-year sales growth fell short of a 0.9 percent gain seen by economists in a Reuters poll, following a revised 0.5 percent rise in November, data by the Ministry of Economy, Trade and Industry (METI) showed on Thursday.

Jan 26, 2015

Japan exports grow most in year, signaling steady recovery from recession

TOKYO (Reuters) – Japan’s exports grew the most in a year in December, helped by a weak yen and pickup in overseas demand led by the United States, an encouraging sign for the recession-hit economy even as doubts persist about the strength of global consumption.

The 12.9 percent year-on-year rise in exports marked a fourth straight month of growth, supported by shipments of cars to the United States and of electronics parts to China, data by the Ministry of Finance (MOF) showed on Monday.

Jan 20, 2015

Japan firms struggle to lift prices two years into Abenomics -Reuters poll

TOKYO, Jan 21 (Reuters) – Two thirds of Japanese companies
plan to hold back on raising prices of products and services
this year, a Reuters poll showed, underscoring the difficulty of
defeating deflation despite two years of bold monetary policy
and economic stimulus.

But in a sign that Prime Minister Shinzo Abe’s policies have
gained some traction, 42 percent of firms said they plan to
raise wages as least as much as last year. Still, many are
cautious with 44 percent undecided.

Jan 19, 2015

Global uncertainty weighs on Japan business mood: Reuters Tankan

TOKYO (Reuters) – Confidence at Japanese manufacturers slid for a second straight month and service companies soured in January, a Reuters poll showed on Tuesday, highlighting the fragility of economic recovery against a backdrop of rising global uncertainty.

The loss of confidence occurs at a time of renewed risk-aversion in global markets caused by falling crude oil prices amid worries over economic downturn in Europe, China, Russia and other emerging market economies.

Jan 14, 2015

Japan government approves record $812 billion budget; deficit-halving goal in sight

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a record $812 billion budget for the coming fiscal year while cutting new borrowing for a third straight year in a bid to balance growth and fiscal reform.

The 96.34 trillion yen ($812.45 billion) general-account budget draft, the third since Abe swept to power in late 2012, marks a rise from this fiscal year’s initial 95.88 trillion yen, reflecting higher welfare spending and military outlays.

Jan 14, 2015

Japan govt approves record $812 bln budget; deficit-halving goal in sight

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a record $812 billion budget for the coming fiscal year while cutting new borrowing for a third straight year in a bid to balance growth and fiscal reform.

The 96.34 trillion yen ($812.45 billion) general-account budget draft, the third since Abe swept to power in late 2012, marks a rise from this fiscal year’s initial 95.88 trillion yen, reflecting higher welfare spending and military outlays.

Jan 9, 2015

Japan government OKs $26 billion extra budget to fund stimulus spending

TOKYO (Reuters) – The Japanese government on Friday approved a $26 billion extra budget for the current fiscal year to fund stimulus spending and help pull the economy out of recession.

The 3.118 trillion yen extra budget for the stimulus, unveiled last month, includes funding for steps such as helping Japan’s lagging regions and households with subsidies and shopping vouchers and rebuilding after natural disasters.

Dec 27, 2014

Japan govt approves $29 billion stimulus spending, impact in doubt

TOKYO (Reuters) – Japan’s government approved on Saturday stimulus spending worth $29 billion aimed at helping the country’s lagging regions and households with subsidies, merchandise vouchers and other steps, but analysts are skeptical about how much it can spur growth.

The package, worth 3.5 trillion yen ($29.12 billion) was unveiled two weeks after a massive election victory by Prime Minister Shinzo Abe’s ruling coalition gave him a fresh mandate to push through his “Abenomics” stimulus policies. The government said it expects the stimulus plan to boost Japan’s GDP by 0.7 percent.