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May 22, 2015

BOJ slightly more upbeat on economy, Kuroda sees no need for more easing

TOKYO, May 22 (Reuters) – The Bank of Japan offered a
slightly more upbeat view of the economy on Friday and its
governor shrugged off the need for more monetary stimulus,
dismissing market concerns that the recovery is too slow to
accelerate inflation toward the bank’s target.

Signalling its confidence the world’s third-largest economy
is out of the doldrums, the central bank revised up its
assessment on private consumption and housing investment – areas
hardest hit by last year’s sales tax hike.

May 22, 2015

BOJ slightly more optimistic on economy as business mood improves

TOKYO (Reuters) – The Bank of Japan maintained its massive stimulus program and offered a slightly more upbeat view of the world’s third-largest economy on Friday, as a modest rebound in consumption helped service-sector sentiment improve to a one-year high.

A Reuters poll showed retailers’ mood turned positive in May and hit the highest level since June last year, when sales were reeling after a sales tax increase.

May 21, 2015

Japan business mood backs gradual econ recovery -Reuters Tankan

TOKYO, May 22 (Reuters) – Japanese manufacturers’ sentiment
improved and the service-sector’s mood rose to its highest level
in a year, a Reuters poll showed on Friday, offering further
evidence of the economy’s gradual recovery from last year’s
recession.

The Reuters Tankan, which closely tracks the Bank of Japan’s
quarterly tankan survey, came two days after data showed a
second straight quarter of gradual economic expansion in January
to March, helped by pickup in business expenditures.

May 21, 2015

Japan, China may discuss AIIB during finance talks June 6

TOKYO (Reuters) – Japanese and Chinese finance officials will hold talks on June 6 in Beijing to discuss ways to promote cooperation between the two countries and may exchange views on the China-led Asian Infrastructure Investment Bank (AIIB), Japanese officials said.

The talks mark the first bilateral finance dialogue since Prime Minister Shinzo Abe took office in late 2012 as diplomatic relations have been strained between the two countries over the wartime past and territorial disputes in the East China Sea.

May 20, 2015

Japan’s economy grows at fastest pace in a year on boost from inventory

TOKYO, May 20 (Reuters) – Japan’s economy expanded at its
fastest pace in a year in January-March as business investment
rose slightly, but goods piling up in factory warehouses posed a
potential challenge to policy makers seeking to vanquish years
of deflation.

Private consumption, housing investment and exports all rose
but at a feeble pace, leaving Tokyo with more work to do two
years after a radical monetary stimulus programme has brought
only scant success.

May 20, 2015

Japan’s economy grows at fastest pace in a year

TOKYO (Reuters) – Japan’s economy grew at its fastest pace in a year in January-March on modest increases in consumption and capital expenditure, adding to evidence the country is steadily emerging from last year’s recession.

The world’s third-largest economy expanded an annualized 2.4 percent in the first three months of this year, more than a median market forecast for a 1.5 percent increase and following a revised 1.1 percent expansion in October-December, data from the Cabinet Office showed.

May 18, 2015

Japan machinery orders rise, but weak outlook hampers economic rebound

TOKYO (Reuters) – Japan’s core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, suggesting that weak capital spending could further sap momentum from an economy struggling to rebound from a recession.

The 2.9 percent month-on-month 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 1.8 percent gain, Cabinet Office data showed on Monday.

May 12, 2015

Japan puts focus on growth to repair finances, analysts skeptical

TOKYO (Reuters) – Japan’s government shifted focus on Tuesday to boosting economic growth and tax revenues to repair public finances, increasing concerns the government will shy away from painful and unpopular spending cuts.

The change in policy came after a meeting of the government’s top advisory panel, where private-sector members said the government should aim to keep gross domestic product growth above 2 percent in real terms and 3 percent in nominal terms.

May 10, 2015

Japan first-quarter GDP growth seen moderate, weak consumption a concern

TOKYO (Reuters) – Japan’s economy was expected to post a second straight quarter of moderate growth in January-March, led by a pickup in exports and business investment, a Reuters poll found, pointing if realized to a steady recovery from recession after last year’s sales tax hike.

Annual expansion of 1.5 percent in gross domestic product (GDP) would match the rate of growth in October-December, translating into a quarterly increase of 0.4 percent, unchanged from the prior quarter, the Reuters poll of 22 economists found.

Apr 30, 2015

Japan factory output down again, leaves the Bank of Japan in tight spot

TOKYO (Reuters) – Japanese industrial output fell for a second straight month in March, adding to mounting evidence of an economy struggling to regain momentum after last year’s sizable hit to consumption from a sales tax hike.

The 0.3 percent decline in output compared with a median market forecast for a 2.3 percent drop and a 3.1 percent fall in the prior month, government data showed on Thursday.