Japan Archive

Trade, Japan, fading savings

The slowdown in imports could indicate a slowing domestic economy: Both exports and imports increased in October. Exports are up 18% compared to October 2020; imports are up 22% compared to October 2020. Japan not doing so well: Personal income and savings went up with the fiscal transfers, and now they’re fading: ...Read More

Housing starts, Japan, consumer spending, Europe, house prices

Looks like at best it’s going sideways: Bad!!! The Japanese economy shrank 7.8 percent on quarter in the three months to June 2020, compared with market forecasts of a 7.6 percent decline, and after a 0.6 percent fall in the previous period, a preliminary estimate showed. This was the third straight quarter ...Read More

Lending, Weather adjusted employment, Japan

The mini spike in real estate lending from the drop in rates is already fading: The Japanese economy shrank 7.1 percent on an annualized basis in the fourth quarter of 2019, worse than an initial estimate of a 6.6 percent contraction and following a downwardly revised 0.1 percent growth in the previous ...Read More

ADP, ISM, Markit services PMI, Swiss services, Japan, China services, Vehicle sales

Beat down by the tariffs, virus effects soon to come: Nice move up against the trend. We’ll see if it reverses like the Markit survey has: Examples of a recent reversals: Bit of a move down here as the virus slows things down in China: Still decelerating: ...Read More

NY PMI, Walmart, Japan, Oil

Another move up that may or may not reverse: Walmart earnings and outlook fall short as holiday season disappoints This price drop will negatively effect capital expenditures as well as the value of oil being produced, both negatives for GDP: ...Read More

Pending home sales, Trade, Germany, Japan, US

Lots of surveys turning up a bit on hopes for the trade deal: And Japan passed a modest positive fiscal adjustment: ...Read More

Services PMI, Japan services, Auto sales, Fund flow chart

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Japan trade, Mtg purchase apps, Architecture index, Trump comment

Global trade collapse continues: Looks like more of same- L shaped recovery since the financial crisis: Still looking weak: ...Read More

Euro area IP, India IP, Japan, Mexico, US claims, Sea containers

The global slow motion train wreck continues: Japan: Core machinery orders in Japan, which exclude those of ships and electrical equipment, declined 6.0 percent from a month earlier in October 2019, following a 2.9 percent fall in September and compared with market expectations of a 0.9 percent increase. It marked the longest ...Read More

Germany, Japan, rails

Deeper into contraction: German Industrial Output Falls Unexpectedly Industrial production in Germany dropped by 1.7% mom in October 2019, missing market expectations of a 0.1% growth and following a 0.6% fall in September. This marked the steepest monthly decrease in industrial output since April, as production fell for capital goods (-4.4%), including ...Read More