Category Archives: Japan

JPM, MS Q1 revision, Fed labor market conditions index, German exports fall, Japan GDP

From JPM: In light of the data we’ve received this week – January reports for real consumer spending, construction spending, and net exports that varied from disappointing to downright weak, as well as a softer February print for car sales … Continue reading

Posted in GDP, Germany, Japan, Trade |

Japan trade surplus, US household loan growth, Jobless claims

More US consumption of imports indicated here as well as with US trade data, as US growth continues to get downgraded post oil price collapse: Japan’s annual exports jump most since late 2013 in boost to economy Feb 18 (Reuters) … Continue reading

Posted in Credit, GDP, Japan, Trade |

Japan etc.

The 10 year note in Japan closes below .3%- that’s what happens when you have the largest deficit in the world… ;) And note the yen has gone from just under 80 to the $ not that long ago to … Continue reading

Posted in Currencies, Japan |

Housing starts, Japan discussion, China, US pmi, store sales

Looks bad to me. Remember, for GDP to grow at last year’s rate, all the pieces on average have to contribute that much. And, as previously discussed, hard to see how starts and sales can grow with cash buyers and … Continue reading

Posted in Bonds, CBs, China, Deficit, GDP, Housing, Japan, Trade |

Japan rate update, Empire manufacturing

‘The market’ sure doesn’t seem to think rates in Japan are going up after decades of 0 rates: This survey just turned radically: New York state manufacturing index lowest in two years: NY Fed Dec 15 (Reuters) — Manufacturing activity … Continue reading

Posted in Interest Rates, Japan |

Japan’s ‘bad inflation’

The Next Stage of Abenomics Is Coming – Shinzo Abe (WSJ) My highest priority as Japan’s prime minister remains the economy… Make no mistake, Japan will emerge from economic contraction and advance into new fields and engage in fresh challenges…Some … Continue reading

Posted in Inflation, Japan |

Japan- currency depreciation policy ‘bad’ inflation for households, good for exporters

Japan’s household spending falls 3.0% in June July 29 (Kyodo) — Average Japanese monthly household spending fell a price-adjusted 3.0 percent in June from a year earlier to 272,791 yen. The average monthly income of salaried households came to 710,375 … Continue reading

Posted in Currencies, Japan |

Abenomics= ‘bad’ inflation

Squeaking By on Abenomics By Joseph Sternberg July 2 (WSJ) — Preliminary data show cash earnings, including bonuses, rising by 0.8% year-on-year in May. Base pay increased 0.2%, its first rise in around two years. This looks like the “wage … Continue reading

Posted in Inflation, Japan | Tagged |

Abenomics Spurs Most Misery Since ’81 as Senior Scrimps

As previously discussed, it’s a case of ‘bad inflation’… Abenomics Spurs Most Misery Since ’81 as Senior Scrimps By Isabel Reynolds and Chikako Mogi June 6 (Bloomberg) — Mieko Tatsunami finds Prime Minister Shinzo Abe’s drive to reflate Japan’s economy … Continue reading

Posted in Inflation, Japan |

Remember all the talk about the deficit causing rates to go up in Japan?

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Posted in Bonds, Interest Rates, Japan |