Japan’s current-account surplus narrowed in August as export growth slowed, adding to signs the country’s economic recovery is moderating.
Japan’s unemployment rate unexpectedly declined in May as more people stopped looking for work after the nation’s largest earthquake on record.
Japan’s deflation moderated in February even before the country’s worst earthquake on record and an ensuing tsunami and nuclear crisis this month push up energy and food costs.
Japan’s trade deficit shrank in April as imports rose the least in 16 months after the first sales-tax increase in 17 years crimped consumer spending.
Japanese machinery orders unexpectedly fell in November, signaling that companies are reluctant to increase spending on factories and equipment because of concern about the strong yen’s effect.
Prime Minister Shinzo Abe’s bid to vault Japan out of 15 years of deflation risks losing public support by spurring too much inflation too quickly as companies add extra price increases to this month’s sales-tax bump.
Cash is king for Japanese households as pessimism about the economic outlook grows, threatening to undermine investment and the nation’s recovery.
Japan’s exports grew for a fourth month in March, evidence that sustained gains in overseas demand are fueling the recovery as prices slump at home.
Bank of Japan Governor Masaaki Shirakawa indicated the nation’s recovery has been resilient to the yen’s advance, supporting his board’s decision to keep policy unchanged today.
"The BOJ is confident about the outlook for inflation."
- Yoshiki Shinke on Jul 14, 2014