Japan’s economy shrank slightly more than initially thought in the April-June quarter, official data released Tuesday showed, deepening a contraction that was already the worst in the nation’s modern history. The world’s third-largest economy shrank 7.9% in the second quarter of this year from the previous quarter, more than the initial 7.8% in the preliminary [...]
The preliminary Industrial Production of Japan surges heavily past-1.2% forecast and 1.9% prior to print 8.0% mark on MoM. Though, the yearly figures are disappointing when flashing 16.1% contraction against -15.7% expected. Further, Retail Sales dropped 3.3% on MoM and 2.8% on YoY versus 8.0% and 2.4% respective forecasts. Japan's factory output rose in July [...]
Core consumer prices in Tokyo fell 0.3% in August from a year earlier, government data showed on Friday. The core consumer price index for Japan's capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.3% annual rise. Furthermore, the ex-Food and Energy CPI data lagged below 0.5% [...]
Former Bank of Japan (BOJ) policymaker Takahide Kiuchi said that Japan is likely to slip back into deflation over the coming three years due to the corona virus pandemic and its impact on the domestic consumption and labor market. Takahide Kiuchi said that cutting interest rates further will hurt already weak regional lenders, which could [...]
