Category Archives: 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?

Full size image

Posted in Bonds, Interest Rates, Japan |

Currency depreciation not necessarily the silver bullet

BOJ Survey Shows Consumer Sentiment Worsen As Energy Prices Rise October 2 (Dow Jones) — A Bank of Japan survey showed Wednesday that consumer sentiment worsened for the first time in three quarters as a rise in energy prices amid … Continue reading

Posted in Currencies, Japan |

Japan Exports Rise Most Since ’10 in Boost for Abe Effort – Bloomberg

Not helping US domestic demand… Japan Export Gains Offer Growth Momentum as Sales-Tax Rise Looms By Andy Sharp & Toru Fujioka September 19 (Bloomberg) — Japan’s exports rose the most since 2010 in August, boosting Prime Minister Shinzo Abe’s growth … Continue reading

Posted in Japan, Trade |

Consumption tax hike to make or break Abe’s reform plan

Seriously! :( Here’s what could make or break Abe’s reform plan By Dhara Ranasinghe July 22 (Bloomberg) — If Japan’s Prime Minister Shinzo Abe, riding high on Sunday’s election victory for his ruling coalition, is serious about transforming the economy, … Continue reading

Posted in Japan |