Japan’s Trade Balance
February 7, 2012 by Alex Chernomordin · Leave a Comment
Japan’s Trade Balance in December again came in as deficit, while the Adjusted Current Account Total grew. The Yen weakened following the release moving back toward the 77 handle.
- Trade Balance – Survey:-135B Actual:-145B Prior:-585B
- Current Acct Total – Survey:340B Actual:303B Prior:138B
- Adj. Current Acct Total – Survey:625B Actual:752B Prior:480B
Shirakawa Says Japan’s Economy in Severe Situation
February 6, 2012 by Alex Chernomordin · Leave a Comment
Japan’s Industrial Productions
January 30, 2012 by Alex Chernomordin · Leave a Comment
Industrial Production improved in December, however the market had no reaction to the release.
- Industrial Production (MoM) – Survey:3.0% Actual:4.0% Prior:-2.7%
- Industrial Production (YoY) – Survey:-5.0% Actual:-4.1% Prior:-4.2%
Japan’s December Unemployment Rate
January 30, 2012 by Alex Chernomordin · Leave a Comment
Expecting to have the Jobless Rate reading at 4.5% for December, Japan received a worse than expected report at 4.6% (4.5% prior.) The USDJPY pair continues to range quietly in the lower half of the 76 handle after trading lower to open the week.
Japan’s Manufacturing PMI
January 30, 2012 by Alex Chernomordin · Leave a Comment
Japan’s Markit/JMMA Manufacturing PMI for January came in at an expansionary 50.7, better than the prior months reading of 50.2. The USDJPY pair did nothing following the release.
Shirakawa; negative impact of strong yen outweigh benefits
January 24, 2012 by Vincent Facchino · Leave a Comment
* closely monitoring impact of strong yen
* timing of return to recovery delayed a little
* trade deficit likely to be temporary
Usd/Jpy remains at 77.00, Eur/Jpy at 100.15.
BOJ Keeps Rates Unchanged (0.0% – 0.1%)
January 23, 2012 by Alex Chernomordin · Leave a Comment
- Asset-Purchase Fund unchnaged at 20 Trillion Yen.
- Credit-Loan Program unchanged at 35 Trillion Yen.
- Monthly JGB purchases at 1.8 Trillion.
- FY2012 GDP rising 2.0% vs October forecast of 2.2%
Japan’s Cabinet Office Releases Fiscal Projections
January 23, 2012 by Alex Chernomordin · Leave a Comment
- FY2015 Primary Deficeit will be 3.6% of GDP.
- FY2020 Primary Deficeit will be 3.1% of GDP.
