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Japan Q3 capex rises 2.9%, pointing to resilient domestic demand
Japanese corporate spending on factories and equipment rose 2.9 per cent in July-September versus the same period a year prior, Ministry of Finance data showed on Monday, signalling the world's fourth-largest economy was weathering the impact of U.S. tariffs. The data, which will be used to calculate revised third-quarter gross domestic product figures due on December 8, is likely to support the case for an interest in the central bank's policy interest rate. Preliminary data last month showed the economy shrank an annualised 1.8 per cent in July-September, as a drop in exports in the face of U.S. tariffs resulted in ... (full story)
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It is my great pleasure to have the opportunity today to exchange views with a distinguished gathering of business leaders in the Tokai region. I would like to take this chance to express my sincerest gratitude for your cooperation with the various activities of the Bank of Japan's Nagoya Branch. As the Tokai region is one of Japan's largest exporting bases, we at the Bank, myself included, listen with great interest to the report from the General Manager of the Nagoya Branch at the meeting of general managers of the Bank's branches held quarterly. I am glad to be able to hear your views directly today. Before hearing from you, I would like to talk about developments in economic activity and prices a BOJ’S UEDA COMMENTS THAT THE GLOBAL ECONOMIC EFFECT OF U.S. TARIFFS HAS BEEN MINIMAL SO FAR. ... BOJ Governor Ueda says the central bank will continue raising the policy rate if economic activity and inflation meet projections. <JPY=>:*BOJ'S UEDA: FX IS MORE LIKELY TO AFFECT PRICES THAN BEFORE *UEDA: TO CONSIDER PROS, CONS OF RAISING POLICY RATE AT NEXT MPM *UEDA: EVEN IF POLICY RATE RAISED, CONDITIONS STILL ACCOMODATIVE *BOJ'S UEDA: REAL RATE IS VERY LOW
UK manufacturing output rose for the second successive month in November, as the recent downturn in new business intakes halted. Survey data indicated that manufacturers benefited from improved domestic demand and a softer contraction in new export work. The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers’ Index™ (PMIŽ) rose to a ...
