Japan Update

February Machinery Orders Up 1.8% But Still Disappoint  The Cabinet Office released its machinery order data for February on Wednesday. Total private sector machinery orders

Real Wages Fall Again in February  The Monthly Labor Conditions report for February was released by the Ministry of Health Labor and Welfare (MHLW) on Friday. The report

After Strong 10-Year Auction, Rising US Rates Hit JGBs  The Ministry of Finance (MoF) held its monthly auction of 10-year JGBs on Tuesday. Demand for the new 10-year

BoJ Tankan Shows Manufacturing Weakness  The Bank of Japan released its quarterly Tankan report on Monday. The diffusion index for large manufacturers came in at

Long End of JGB Curve Bought After Strong 40-Year Auction  Traders were aggressive buyers of long-dated JGBs after the strong 40-year JGB auction on Wednesday. As

Credit Card Companies Plan to Raise Commissions After Points Program Ends  The Nikkei “Evening Scoop” column reported Tuesday that Japan’s largest credit card companies—JCB, MUFJ

JGBs Continue to Rally on Risk-Off Buying  The benchmark 10-year JGB rallied to close at a yield of negative 0.090% on Monday, the lowest yield

February CPI Up 0.7%  The Ministry of Internal Affairs and Communication (MIC) released CPI data for February on Friday. Core CPI (excluding fresh food) increased 0.7%

20-Year JGB Auction Highlights Demand for Long-Dated Bonds  The Ministry of Finance held its regular auction of 20-year JGBs on Tuesday. Demand for the 20-year issue

Japan Exports to China, Asia Weak  The Ministry of Finance released preliminary trade statistics for February on Monday. The data shows a rebound in Japanese