• 2019-06-14 07:14

    BEIJING (MNI) - China's macroeconomic indicators continue to show weakness in the May data prints, with both industrial output and fixed-asset investment (FAI) slipping below expectations, although retail sales picked up on strong May holiday demand.

    As downside risks grow, ANZ expects the People's Bank of China (PBOC) to send more supportive signals in the not too distant future. Besides a further 100 bps cut in the reserve requirement ratio over the rest of the year, ANZ also expects the central bank to lower the 7-day reverse repo rate by 5 bps in Q3 following a U.S.

  • 2019-06-10 01:47

    --Japan May Econ Watchers Current Index 44.1; Apr 45.3
    --Japan May Watchers Outlook Index 45.6; Apr 48.4
    --Japan May Watchers Outlook Index Posts 4th Straight Drop
    --Japan Govt leaves View: Weakness seen in recovery

    TOKYO (MNI) - Japan's current sentiment index fell in May, reversing April's gain, weighed by items linked to housing, and eating and drinking services, a key government survey released Monday showed.

    The survey indicates whether respondents with jobs most sensitive to economic conditions -- taxi and truck drivers, department-store sales staff and restaurant and shop owners -- think economic conditions have improved or worsened from the three months prior.

    These are the key points from the latest monthly Economy Watchers Survey, conducted by the Cabinet Off

  • 2019-06-09 20:23

    --Japan Q1 GDP Rev +0.6% Q/Q; Prelim +0.5%; MNI Median +0.6%
    --Japan Q1 Annualized GDP Rev +2.2% Vs +2.1%; MNI Median +2.2%
    --Japan Q1 Capex Rev +0.3% Q/Q; Prelim -0.3%; Median +0.5%
    --Japan Q1 Capex Contribution Revised At +0.1 Point Vs.

  • 2019-06-06 21:25

    TOKYO (MNI) - The Bank of Japan Friday increased the scale of its purchases of Japanese government bonds with a remaining life of 10 to 25 years to Y200 billion from Y160 billion.

    The increase followed the BOJ's decision of reducing the frequency of its purchases of super long-term bonds to three times from four times monthly.

    The scale of Y200 billion is the middle of a permissible range of Y100 billion to Y300 billion.

  • 2019-06-06 19:51

    --Japan Apr Average Wages -0.1% Y/Y, 4th Straight Drop; Mar -1.3%
    --Japan Apr Real Average Wages -1.1% Y/Y; Mar -1.9%
    --Japan Apr Base Wages +0.1% Y/Y, 1st Rise in 4 Months
    --Japan Apr Overtime Pay -1.1% Y/Y, 5th Straight Drop
    --Japan Apr Bonuses, Other Special Pay -3.2% Y/Y, Mar -9.4%

    TOKYO (MNI) - Japan's average wages fell 0.1% on year in April, the fourth straight year-on-year drop following a 1.3% decline in March, with real wages also in negative territory, preliminary data released Friday by the Ministry of Health, Labour and Welfare showed.

    The key points from the Monthly Labour Survey:

    --Total monthly average cash earnings per regular employee in Japan fell 0.1% on year to Y277,261 in April, the fourth straight year-on-year drop following a 1.3% fall in March

  • 2019-06-03 02:50

    TOKYO (MNI) - Japan's economy likely expanded at a faster than initially estimated in the January-March quarter, with business investment appearing to be stronger than initially expected, economists forecast Monday in the wake of a key government survey.

    The median forecast by six economists for revised Q1 GDP is +0.6% q/q, or an annualized +2.2%, compared with the preliminary estimate of +0.5% q/q, or an annualized +2.1%.

  • 2019-06-02 22:23

    BEIJING (MNI) - The Caixin China manufacturing Purchasing Managers Index (PMI) recorded 50.2 in May, unchanged from April and in the expansion zone above 50 for the third consecutive month.

    New orders, which indicate future activity levels, accelerated rapidly with the growth rate slightly faster than in April, Caixin said in a statement. New export orders rebounded significantly to a high level.

    Many manufacturers surveyed said that recovering external demand and new product launches had driven the growth in new orders.

    The manufacturing industry's confidence fell to the lowest level since April 2012 when the index was first compiled, as manufacturers worry about the escalation of the China-U.S.

  • 2019-06-02 20:21

    --Japan Q1 Non-Financial Firm Capex +6.1% Y/Y; Q4 +5.7%
    --Japan Q1 Capex (Ex-Software) +6.9% Y/Y; Q4 +5.5%
    --Japan Q1 Capex (Ex-Software) S/A +1.1% Q/Q; Q4 +3.3%
    --Japan Q1 Manufacturer Capex +8.5% Y/Y Vs Q4 +10.9%
    --Japan Q1 Non-Manufacturer Capex +5.0% Y/Y Vs Q4 +2.7%
    --Japan Q1 Non-Financial Current Profit +10.3% Y/Y Q4 -7.0%

    TOKYO (MNI) - Combined capital investment by non-financial Japanese companies rose 6.1% on year in the January-March quarter, after rising 5.7% in October-December, a quarterly survey of capital investment and corporate profits by major companies released by the Ministry of Finance showed Monday.

    But combined capital outlays (excluding software) rose a seasonally adjusted 1.1% in Q1, slowing from +3.3% in Q4, indicating a likely downward revision t

  • 2019-05-31 04:54

    --BOJ Ups Upper End of Longer-Term JGB Buying
    --BOJ Makes Gap Between 10-Yr Auction and Long-Term JGB Buys
    --BOJ To Conduct Long-Term JGB Buys 3 Business Days After Auction

    TOKYO (MNI) - The Bank of Japan said Friday it will reduce the frequency of its longer-term Japanese government bond purchases to three times in June from the current four times in May.

    But the BOJ increased the upper end of those bond buying operation to Y300 billion from Y250 billion.

    The bank also extended the time gap between its policy enforcing 5-to-10-year JGB purchases and the regular Ministry of Finance auctions of the benchmark 10-year bonds to boost market pricing and functioning.

  • 2019-05-31 01:28

    --Japan May Consumer Confidence Index 39.4 Vs Apr 40.4
    --Japan Govt Keeps View: Consumer Confidence Weakening

    TOKYO (MNI) - Japan's consumer confidence index fell 1.0 to a seasonally adjusted 39.4 in May, the eighth straight monthly drop, the latest Consumer Confidence Survey released by the Cabinet Office showed Friday.

    The dip, which came after a 0.1 point fall to 40.4 in April, was due mainly to weaker earnings prospects and for purchases of durable goods.

    --The Cabinet Office left its assessment unchanged, saying consumer confidence was "weakening." The government in February lowered the assessment from January when it said that consumer confidence "showed weak moves."

    --Consumers were more pessimistic on all four key sentiment indicators; income conditions, t