Japan’s preliminary industrial production for May 2022 came in at -7.2% m/m much lower than the expected -0.3% m/m and the April reading of -1.5%. Two years ago, deep in the pandemic industrial production was -4.2% m/m. Production in the auto sector continues to suffer from a global parts supply crunch as output of cars and other motor vehicles suffer. Earlier today Toyota reported they missed its production targets for May with overall production levels through the first five months … Continue reading “Japanese Industrial Production Plummets to -7.2% m/m in May”
Japan’s retail sales rose for the third straight month in May 2022 and at the steepest pace since May 2021. The lift came from the strength in consumption as the government has lifted all COVID-19 restrictions. Japanese sales of general merchandise picked up sharply at 20.7% vs 8% in April with faster rises in sales of fabric apparel & accessories at 11.8% vs 9.7%. Meanwhile, sales of motor vehicles dropped for the ninth consecutive months -10.1% vs -7.5%. Auto sales … Continue reading “Japanese Consumers Spending at Steepest Pace Since May 2021”
Japan’s preliminary industrial production for November came in at 7.2% m/m much higher than the expected 4.8% m/m and the October reading of 1.8%. Two years ago, deep in the pandemic industrial production was -4.2% m/m. Production in the auto sector benefited from a global parts supply recovery, output of cars and other motor vehicles surged 43.1% for the month Japan Industrial Production for November 2021 (preliminary) Industries that mainly contributed to the increased 1.Motor vehicles, 2.Plastic products, 3.Iron, steel … Continue reading “Japanese Industrial Production Surges to Record High 7.2% m/m In November”
Japan’s economy shrank 0.9% in the third quarter from the previous quarter, at an annualized pace of 3.0%, the Cabinet Office announced on Monday. This was worse than the previous estimate as the Coronavirus and supply shortage had more of a dampening affect than first thought. Japan Q3 GDP (2nd reading) GDP -0.9% q/q vs -0.8% expected GDP y/y -3.6% vs -3.1% expected (first estimate -3.0%) Private consumption -1.3% vs -1.1% prelim External demand 0.0% vs +0.1% prelim Inflation deflator … Continue reading “Soft Consumer Spending Sees Japan’s Q3 GDP Downgraded Further”
Japan’s manufacturers’ sentiment fell to a 7-month low in November Reuters Tankan survey showed. On the other hand the non-manufacturers index rose to +1, a 3-month high from -1 in October.
Japan’s Blue Chip Nikkei 225 ended the year 16% higher at 27444.17 near 30 year highs. Japanese stocks were boosted by safe haven yen buying and massive BoJ ETF purchases and monetary policy fed optimism surrounding COVID-19 vaccines and unprecedented stimulus measures from global central banks boosting risk sentiment.
Japanese electronic giant Sony reported worse than expected earnings for the three months ended March 31 on Tuesday. SNE’s move to a subscription model in gaming and music is lessening the Covid impact however. Playstation sales were low ahead of PlayStation5.
Japan’s PMIs in February all fell into contraction, much lower than already anemic expectations. Japanese manufacturing, service and composite PMI® all fell under 50. The business outlook remains pessimistic.
Japan’s preliminary industrial production for November came in at -4.2% m/m, much lower than an already anemic expected -2.0%.In May the Nikkei Japan Manufacturing PMI® business outlook turned pessimistic for the first time in six-and-a-half years.
The Nikkei Japan Manufacturing PMI® in May showed output was reduced for a fifth successive month as demand from both domestic and overseas markets fell. Cusiness outlook turned pessimistic for the first time in six-and-a-half years.