Japan Economics Weekly Yen line drawn at 145, BoJ to defend YCC settings While it is uncertain whether policymakers will be able to hold the 145 line in the sand they have drawn for the yen with their intervention on Thursday, we think the Bank of Japan will be able to... 23rd September 2022 · 8 mins read
Japan Economics Update BoJ will maintain negative rates and YCC settings The Bank of Japan kept policy loose and retained its easing bias today and we think it won’t tighten policy even as underlying inflation reaches its 2% target. 22nd September 2022 · 3 mins read
Japan Data Response Japan Consumer Prices (Aug. 2022) Headline inflation jumped in August to yet another three-decade high and it still has a stretch higher to climb. That said, the Bank of Japan will remain steadfast in maintaining its ultra-easy... 20th September 2022 · 2 mins read
Japan Data Response Japan External Trade (Aug. 2022) Japan’s trade deficit widened to yet another record high in August, but the peak shouldn’t be far away now. Commodity prices continue to ease, and the yen should end the year stronger than its current... 15th September 2022 · 2 mins read
Japan Chart Pack MoF sending stronger signals it could intervene Strong US CPI data this week triggered a renewed slide in the yen to the brink of 145 and warnings from the Ministry of Finance that it could intervene. The Bank of Japan is also reported to have... 14th September 2022 · 11 mins read
Japan Data Response Japan Machinery Orders (Jul. 2022) Although the surge in “core” machinery orders in July was driven by a handful of non-manufacturing sectors, the result still points to strong non-residential investment growth this quarter, chiming... 14th September 2022 · 2 mins read
Japan Economics Weekly No tightening even if yen stays near 145 Policymakers ratcheted up their verbal intervention as the yen weakened this week but the bar to more direct action is high. We don’t think the Bank of Japan would be too concerned if the yen remained... 9th September 2022 · 6 mins read
Japan Data Response Japan Economy Watchers Survey (Aug. 2022) The muted uptick in current readings in August’s Economy Watchers Survey indicates that the economy was still weighed down by the record Covid-19 wave last month, while buoyant outlook readings point... 8th September 2022 · 2 mins read
Japan Data Response Japan Labour Cash Earnings (Jul. 22) Labour cash earnings growth weakened slightly in July as growth in bonuses slowed and further moderation is in store from August with the end of the summer bonus season. 6th September 2022 · 2 mins read
Japan Economics Weekly Labour force could be over the hill already The ongoing decline in the size of Japan’s adult population won’t look quite so worrying when the recent revival of immigration starts to be factored in. But the underlying trend has worsened over the... 2nd September 2022 · 5 mins read
Japan Data Response Capital Spending (Q2 2022) The smaller increase in capital spending reported in today’s “Financial Statements Statistics of Corporations” means that Q2 GDP will likely be revised downward slightly in next week’s second estimate... 1st September 2022 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Jul. 22) 31st August 2022 · 2 mins read
