Japanese Industrial Production Continues To Fall With Contraction of Global Economy

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.

Japanese Japan Manufacturing Output Fall Continues With Weak Demand

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.

Japanese Manufacturers Sentiment Sinks to October 2016 Low – Reuters Tankan

The monthly Reuters Tankan survey indicates Japanese manufacturer’s sentiment falling the lowest since October 2016 in March with the sentiment index at +10 from February’s +13. This was the fifth consecutive monthly fall for the sentiment index. 

China GDP Growth Lowest Since GFC, More Stimulus Expected

China GDP growth of 6.4% in Q4,  lowest since the global financial crisis, full year 6.6% GDP matches consensus also. Economists expect Beijing to increase stimulus measures ahead. December Industrial production and retail sales came in better, employment worse.

Japanese Manufacturers Sentiment Two Year Low – Reuters Tankan

The monthly Reuters tankan survey indicates Japanese manufacturer’s sentiment falling to a 2 year low in January with the sentiment index at +18 from December’s +23. This was third consecutive monthly fall for the manufacturers’ sentiment index to a 2 year low. 

Bank of Japan Long Term Yield Target, Increased ETF Buying Policy Changes

The Bank of Japan delivered its Statement on Monetary Policy and made policy changes as rumored, changing the long term yield target, flexible guidance and is maintaing low rates for ‘a very long period of time’ with the aim of a sustainable stimulus..

Bank of Japan Looking at Policy Changes For Inflation and Sustainable Stimulus

The Bank of Japan frustrated with stubborn low inflation is actively looking to revamp policy before it’s July meeting Reuters is reporting sources saying. Changes to its interest-rate targets and stock-buying techniques are on the table with the aim of a sustainable stimulus..