Tokyo inflation eases to 1.3% as Nikkei stays above 65,700
MSN·- Tokyo's core CPI rose 1.3% in May, a decrease from April’s 1.5%, supported by subsidies for energy and education. - The Nikkei 225 index remained robust above 65,700, driven by better-than-expected retail sales, industrial output, and job data. - The Bank of Japan is at a policy crossroads, considering a rate hike in July amid subdued inflation and risks from oil prices and a weak yen.Japan's factory growth slows as cost pressures surge, PMI shows
CNA·- In May, Japan's manufacturing expanded slightly slower, with a PMI of 54.5, down from April's high of 55.1. - Record export order growth was offset by cost surges due to the Middle Eastern conflict and inventory accumulation. - Although manufacturers anticipate growth in sectors like AI and electronics, rising costs and a sluggish global economy may pose challenges ahead.Japan’s faster economic growth offers window for BOJ rate hike
Businesstimes News·- Japan's economy experienced a strong growth rate of 2.1% in the first quarter, exceeding economists' expectations of 1.7%. - The positive data on private consumption and trade support the Bank of Japan's potential interest rate increase, despite uncertainties from conflicts in the Middle East. - However, concerns over declining consumer confidence and rising inflation may pressure future growth, with the central bank adjusting its forecasts accordingly.Apr Foreign Visitors to Japan Down 5.5% YoY
AASTOCKS News·- Data from the Japan National Tourism Organization indicates that the number of foreign visitors to Japan in April decreased by approximately 216,900 compared to the previous year, totaling 3.6922 million, a 5.5% drop. - While visitors from South Korea increased by 21.7% to 878,600, those from mainland China decreased by 56.8% to 330,700, and visitors from Hong Kong fell by 14.3% to 226,000. - Cumulatively, foreign visitors in the first four months saw a slight drop of 0.5% year-on-year, totaling 14.3758 million.