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Japan Consumer Prices Drop – A Threat To Bank Of Japan’s Price Stability Target

January 25, 2013 5:28 am GMT+0  in Japan

Today’s Consumer price index data released by Statistics Bureau, Tokyo showed a drop in the prices again in Japan during December 2012. The national consumer price index dropped by -1.0% against the same during December 2011. November had seen an year on year change of -2.0% and the market consensus were for a same dropRead the Rest…

The Bank of Japan’s Monthly Economic Report

January 24, 2013 7:27 am GMT+0  in Japan

The Bank of Japan released its Monthly Economic Report on January 23, 2013. The Bank conveyed its opinion of the current situation of the Japanese economy in mixed terms, though the tone of the report was definitely more optimistic compared to earlier publications. The Current Situation The bank pointed out that the rate of decelerationRead the Rest…

The Bank of Japan’s Decisions

January 22, 2013 5:11 am GMT+0  in Japan

Finally, the result of the much-awaited deliberations of the Bank of Japan has been made public. Prime Minister Shinzo Abe pretty much had his way with the Bank of Japan as apparent from the key decisions that are now known. Inflation is now targeted at 2%, as was anticipated, and one which was vociferously advocatedRead the Rest…

Japan’s Worsening Regional Economic Outlook

January 15, 2013 10:54 am GMT+0  in Japan

The Bank of Japan dimmed its view of the economic conditions prevailing in its regional economies based on a continued slowdown in exports amidst a deflationary domestic environment. The assessment for eight out of nine economies was cut by the BOJ, this time being the second consecutive quarter for a downward revision. Only the HokkaidoRead the Rest…

The Rise Of Japanese Yen – Is The Worst Over For Japanese Exports And Japan Economy?

January 14, 2013 4:19 am GMT+0  in Japan

Year 2012 proved a difficult year yet again for the Japanese economy. While a strong Japanese Yen has been bad for the exports, the disputes with China over the islands in the East china sea came as a big hit to the Japanese exports. The decline in Japanese exports In 2010 China had displaced theRead the Rest…

Desperate Times May Cost the Bank of Japan its Independence

December 23, 2012 10:24 am GMT+0  in Japan

“We expect (the BOJ) to discuss it at the next policy board meeting.” That is incoming Japanese Prime Minister Shinzo Abe’s brief to the Bank of Japan with respect to his 2% target for inflation. Abe’s statement, spoken during a television interview today, is backed up with a simple threat in case the BOJ doesRead the Rest…

Japanese Elections – Right Wingers Storm Back

December 17, 2012 10:33 am GMT+0  in Japan

The Liberal Democratic Party, led by Shinzo Abe, won the Japanese General Elections, igniting hopes that he will take steps to revive the deflation afflicted economy and weaken the yen to make the country’s exports more competitive. Mr Abe said before the elections that he would take steps to fight the recession and to weakenRead the Rest…

Japanese GDP Data – It Gets Worse

December 10, 2012 11:04 am GMT+0  in Japan

Japan reported today a contraction of 3.5% in GDP for the July-September quarter. This, coming on top of a downward revision to its estimate for the previous quarter, indicates that the economy is taking baby steps towards a recession, with economists apprehending a further slowdown in the last quarter. The poor show on GDP growthRead the Rest…

Japan Gross Domestic Product Declines Further

November 12, 2012 1:25 am GMT+0  in Japan

Keeping the trend of recent poor economic data, today’s economic releases showed that the Annualized Gross Domestic Product fell in Q3 more than the expectations. The preliminary report showed a drop of -3.5% against the 0.7% rise which took place in Q2. The expectations were for a drop of -3.4%. The quarter on quarter changeRead the Rest…

Japan Economic Outlook

November 8, 2012 6:40 am GMT+0  in Japan

Steep Drop in Machinery Orders and Other Indicators The drop in the machinery order was much worse than expected and also much more than the previous release. The year to year change in the machinery order was -7.4% while the expected drop was -4.9% as against the previous -6.1%. The Eco Watchers Survey for October also showedRead the Rest…

Asian Session – Poor Tenkan Data From Japan

October 1, 2012 1:39 am GMT+0  in Japan

Negative Tenkan Data From Japan Tenkan data releases from Japan showed weakened sentiments. The Tenkan Outlook for Large Manufacturers was down to -3 from the previous 1 released in June. Though the released data was better than the general consensus but at the end what counts is the net weakness or strength. Similarly the Tenkan IndexRead the Rest…