Inquiring minds are looking at the latest inflation reports from Japan for clues in the success or failure of Abenomics and prime minister Shinzu Abe's stated goal of two percent inflation.In December, Japanese inflation fell to 0.5% despite massive economic loosening, a 1% rise in industrial production, and a dip in the unemployment rate to 3.4%, the lowest since 1997.
Econ Grapher submits:This week we look at the GDP numbers for Q2 from the US and South Korea. Then we look at the US consumer confidence and Case Shiller housing market data, and finish up with a look at inflation and unemployment in Japan, and New Zealand monetary policy.1. US GDP
Tokyo (AFP) - Japanese inflation remained tepid in June while household spending suffered a surprise drop, official data showed Friday, likely reinforcing the market's belief that the country's central bank will ease monetary policy again.
CALGARY — Oil’s share of the global energy mix grew in 2015, the International Energy Agency said Wednesday, as new investment in oil and gas production and exploration fell for the second straight year.
That thing must chug a lot of gas,” I said to my friend who was proudly running his right hand down the side of his big new SUV.
“Not an issue now,” he said as he stopped and patted the fuel cap, a confident gesture referring to low fuel prices. “Besides, it gets better mileage than the last beast I had.”
The Dow Jones US Airlines index was the best-performing index in the US last year. Delta Air Lines, Inc. led gains among US carriers, seeing its stock price more than double in 2013. In a continuation of the airline industry’s strong performance last year, the AMEX Airline Index (XAL) has risen nearly 18% so far this year, even though the S&P 500 Index (SPX) has managed to gain only 2%.
Over the past several years, alongside the increasingly more "hedonically" doctored government inflation data, the Producer Price report has slowly but surely lost its significance. Today's report was no different: according to the BLS' seasonal adjustments, July PPI data was unchanged, dropping from the 0.8% increase in June and missing expectations of a 0.3% increase. This was driven by a -0.2% drop in energy finished good prices after a surge of 2.9% and 1.3% in energy prices in June and May, with food prices unchanged on the month.