Japan Data Response Japan GDP (Q1 2023 Preliminary) GDP surprised to the upside last quarter, mainly because of stronger performances in private consumption and business investment than preliminary data had indicated. That suggests that there is... 17th May 2023 · 2 mins read
Japan Economics Weekly Next year’s Shunto will disappoint the BoJ Ueda’s speech in the Diet on Tuesday left open the possibility of the Bank adjusting monetary policy before the policy review announced at the April meeting is completed next year. However, given that... 12th May 2023 · 7 mins read
Japan Chart Pack Bank of Japan kicking the can down the road Governor Ueda presided over his first policy meeting late last month and opted to keep all monetary policy settings, including Yield Curve Control (YCC), completely unchanged. To be sure, Mr Ueda also... 11th May 2023 · 11 mins read
Japan Data Response Japan Economy Watchers Survey (Apr. 2023) The further rise in both the current and outlook readings point to continued upward momentum in services spending this quarter. Meanwhile, manufacturing conditions fell slightly but remained robust... 11th May 2023 · 2 mins read
Japan Data Response Japan Labour Cash Earnings (Mar. 2023) Wage growth held steady in March from February, as a further slowdown in regular and overtime pay growth was offset by a decent increase in volatile payments. We still see further scope for wage... 9th May 2023 · 2 mins read
Japan Data Response Activity (Mar. 23) & Tokyo CPI (Apr. 23) The end-month data rush only adds to the dilemma the Bank of Japan is facing. While labour market conditions are now easing in earnest, underlying inflation is set to surpass 4% at the national level... 28th April 2023 · 4 mins read
Japan Rapid Response Japan Labour Market (Mar. 2023) & Tokyo CPI (Apr. 2023) 28th April 2023 · 2 mins read
Japan Economics Update CRE downturn could deepen looming recession The turmoil in the US banking system is likely to set off the worst decline in Japan’s commercial real estate prices since the Global Financial Crisis by prompting foreign investors to stop buying... 27th April 2023 · 4 mins read
Japan Economics Weekly We still expect Ueda to spring a surprise next week Press reports suggest that the Bank of Japan will predict inflation of 2% two years ahead at next week's meeting, which would suggest that the Bank is closer than ever to meeting its inflation target... 21st April 2023 · 8 mins read
Japan Data Response Japan Flash PMIs (Apr. 2023) April’s flash PMIs point to further upside risks to our GDP forecasts, indicating a broad improvement in both domestic and external demand. That suggests the exports downturn may be short-lived... 21st April 2023 · 2 mins read
Japan Data Response Japan Consumer Prices (Mar. 2023) Underlying inflation saw a sizeable increase in March, while headline inflation inched down thanks to falling energy prices. A stronger yen and falling import price inflation should still see... 21st April 2023 · 2 mins read
Event Asia Drop-In: BOJ Special – Governor Ueda’s debut and the future of YCC 28th April 2023, 9:00AM BST As the new Bank of Japan Governor prepares to chair his first policy meeting, the future of the Yield Curve Control policy is again in focus. Will Kazuo Ueda bring continuity or change? Marcel...
