Japan Chartbook June 15th 2023

By 15th June 2023Uncategorised
  • Nationwide core inflation hit a new high in April of 2.53% (pages 6 – 9)
  • Core inflation rose further in May for Tokyo, edging up to 2.40% (pages 10 – 11)
  • Weekly inflation rates still accelerating (page 12)
  • But goods and imports inflation easing quickly (page 13)
  • PMIs rise again in May (page 14)
  • Economy Watchers Survey also points to stronger economy despite rising prices (page 16)
  • Tankan and machinery orders not so strong (pages 17 – 19)
  • Industrial production remains stalled (page 20)
  • But tertiary index shows strength (page 21)
  • Real GDP data shows strong domestic demand in Q1 (pages 22 – 26)
  • Retail sales on a firm upward trend (page 27)
  • Non-manufacturing profits rise strongly (pages 36 – 37)
  • Big drop in jobless rate for 15 – 24 year olds despite rising labour force participation rate for this group (pages 40 – 46)
  • However, nominal wage growth slows (page 47)
  • Trade deficit shrinks: bi-lateral trade surplus with the US rising (pages 48 – 60)
  • Construction orders rising, despite poor survey (page 61)
  • Housing data not so strong (pages 62 – 63)
  • BoJ assets surpass 100% of GDP (page 65)

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