TOKYO (Reuters) – Japanese households cut spending more than expected and retail sales fell for the first time in seven months in January, data showed on Friday, a sign the central bank’s radical stimulus has yet to convince consumers that inflation will take hold.
In contrast to the gloom felt among households, companies look to be in better shape as they begin to benefit from the competitive advantage their goods get from a weak yen.
TOKYO, Feb 27 (Reuters) – Japanese households cut spending
more than expected and retail sales fell for the first time in
seven months in January, data showed on Friday, a sign the
central bank’s radical stimulus has yet to convince consumers
that inflation will take hold.
Factory output jumped in January as exports rebounded on
solid U.S. and Asia demand, but manufactures see output rising
only slightly in the current month and then slumping in March,
adding to evidence of an uneven economic recovery.
TOKYO, Feb 26 (Reuters) – Bank of Japan Governor Haruhiko
Kuroda said on Thursday there was no ceiling on how much the
central bank would expand its balance sheet relative to the size
of the country’s gross domestic product (GDP).
“We don’t have any particular ceiling,” Kuroda said, when
asked if there was a limit on expanding its assets.
TOKYO (Reuters) – The lower house of parliament gave approval on Tuesday for an advocate of aggressive monetary easing to join the Bank of Japan’s divided policy board, in a move regarded as supportive of Governor Haruhiko Kuroda’s push for radical stimulus.
Yutaka Harada, a 64-year-old Waseda University professor, will replace Ryuzo Miyao, also an academic, whose five-year term ends on March 25.
TOKYO (Reuters) – Japan Inc sees no need for an aggressive pursuit of a 2 percent inflation goal or additional monetary easing, a Reuters poll showed – a stance that supports the central bank’s recent softer tone on achieving its consumer price target in the near future.
Analysts, however, expect the Bank of Japan to embark on more stimulus later this year, topping up its latest round launched in October, to support economic growth and ensure rises in inflation, a separate Reuters poll showed this month.
TOKYO (Reuters) – Japanese business sentiment edged up in February and it is seen improving further, a Reuters poll showed on Thursday, underlining the economy’s gradual recovery from a slump although companies remain wary about sluggish demand.
The Reuters Tankan – which closely tracks the Bank of Japan’s key tankan survey – backs this week’s GDP report which confirmed the economy pulled out of a recession, although annualized growth was well short of forecasts reflecting a hangover from a sales tax hike last year.
TOKYO (Reuters) – Japan’s annual exports in January jumped the most since late 2013 in an encouraging sign a weak yen is finally boosting the nation’s all-important export engine and helping the economy crawl out of a recession.
The 17.0 percent year-on-year gain in exports marked the fifth straight month of increase, supported by brisk shipments of cars to the United States and of electronics parts to Asia, data by the Ministry of Finance showed.
TOKYO, Feb 16 (Reuters) – Japan’s economy rebounded from
recession in the final quarter of last year but growth was
weaker than expected as household and corporate spending
disappointed, underlining the challenge premier Shinzo Abe faces
in shaking off decades of stagnation.
The annualised 2.2 percent expansion in October-December was
smaller than a 3.7 percent increase forecast in a Reuters poll,
suggesting a fragile recovery as the hangover from last year’s
sales tax hike lingered.
TOKYO (Reuters) – Japan’s economy rebounded from recession to grow an annualized 2.2 percent in the final quarter of last year, giving a much-needed boost to premier Shinzo Abe’s efforts to shake off decades of stagnation even as the global outlook deteriorates.
But the expansion was smaller than a 3.7 percent increase forecast in a Reuters poll, suggesting a fragile recovery for the world’s third-largest economy as consumer mood remained soft and uneven global growth weighed on exports.
TOKYO (Reuters) – Japan’s current account surplus shrank for a fourth straight year to its smallest on record in 2014 in a worrying sign a bulging trade deficit is hurting the balance of payment, complicating Tokyo’s efforts to rein in a massive public debt.
Some analysts, however, expect a reduction in the fuel import bill amid a collapse in global oil prices could help narrow a persistent trade gap and boost the surplus on the current account.