Tetsushi's Feed
May 25, 2015

Japan export growth dips, outlook uncertain as China, U.S. economies slow

TOKYO (Reuters) – Japan’s exports rose in April from a year earlier led by U.S.-bound shipments of cars, but the monthly pace of growth slowed from March – a worrying portent for external demand as a slowdown in the economies of China and the U.S. clouds the outlook.

Ministry of Finance data out on Monday showed exports grew 8.0 percent year-on-year in April, versus a 6.4 percent gain seen by economists in a Reuters poll, slowing from a 8.5 percent gain in March. Compared with March, shipments fell 1.5 percent in April.

May 24, 2015

Most Japan firms back planned sales tax hike to fix debt woes – Reuters poll

TOKYO (Reuters) – Two-thirds of Japanese firms support the government’s plan to boost the national sales tax in 2017 and almost half believe big hikes in the future will be necessary to combat the country’s ballooning debt, a Reuters survey showed.

Sales tax hikes are particularly contentious in Japan, which has seen stagnant growth for two decades. Consumers typically spend big in the months ahead of such tax increases but then tighten purse strings for a long time afterwards.

May 24, 2015

Japan Inc not as keen as Abe government on nuclear power -Reuters poll

TOKYO, May 25 (Reuters) – Two-thirds of Japanese companies
want and expect a lesser role for nuclear power than the
government is targeting, a Reuters survey showed, reflecting
persistent concerns about safety four years after the Fukushima
disaster.

All of the country’s 43 operable reactors are offline – the
result of a tougher safety regime introduced after an earthquake
and tsunami hit the Fukushima plant, causing meltdowns,
explosions and plumes of radioactivity.

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.