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Mix-Ansicht- Japan sieht so eine Wirtschaftserholung aus??? - nasdaq, 29.07.2003, 01:24
Japan sieht so eine Wirtschaftserholung aus???
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TOKYO, July 29 (Reuters) - The following Japanese economic
indicators and events are scheduled for the next two weeks.
DATE JST/GMT INDICATOR/EVENT PERIOD FORECAST PREVIOUS
-----------------Calendar for July 28 week----------------------
Tue 0830/2330* Unemployment Jun 5.4% 5.4%
Tue 0830/2330* Jobs-Applicants Ratio Jun 0.61 0.61
Tue 0830/2330* Worker H''hold Spending Jun n/a -1.8% y/y
Tue 0850/2350* Retail Sales Jun n/a -2.4% y/y
Wed 0850/2350* Industrial Output Jun +0.3% +2.6% m/m
Thu 1400/0500 Housing Starts Jun n/a -7.7% y/y
Thu 1400/0500 Construction Orders Jun n/a -4.2% y/y
Fri 1400/0500 New Car Sales Jul n/a -0.9% y/y
-----------------Calendar for Aug 4 week------------------------
Mon 0850/2350* BOJ Monetary Base Jul n/a +20.3% y/y
Tue 1400/0500 All Households Spending Jun n/a -0.8% y/y
Wed 1400/0500 Leading Indicator Jun n/a 50.0
Wed 1400/0500 Coincident Indicator Jun n/a 65.0
Thu ----/---- BOJ Starts 2-Day Policy Meeting
Fri ----/---- Result of BOJ Meeting
Fri 0850/2350* Money Supply (M2+CD) Jul n/a +1.8% y/y
Fri 0850/2350* Bank Lending Jul n/a -4.8% y/y
Fri 1400/0500 Machinery Orders Jun n/a +6.5% m/m
Forecasts are median
*GMT time is for previous day
UNEMPLOYMENT -- Japan''s jobless rate was probably unchanged
in June from May, staying within a whisker of a record high,
according to economists polled by Reuters journalists.
Fifteen of 20 economists in the survey saw the jobless rate
in June at 5.4 percent, the same as in April and just below the
record high of 5.5 percent set in January.
Economists said that static jobless figures reflect the
mostly flat economic activity in the month.
Although there are signs of a recovery in corporate profits,
most companies remain cautious about adding new workers under
current conditions, though they are also laying off less staff.
"Corporate profits are betting better, but there is caution
over new hiring," said Junji Ohta, economist at Okasan Research.
"It will be several months before there is any improvement in
employment conditions."
For the jobs-to-applicants ratio, the majority of respondents
expected a figure of 0.61 for June, or 61 jobs available for
every 100 job seekers, unchanged from May.
INDUSTRIAL OUTPUT -- Japanese industrial production
probably rose slightly in June, although at a slower pace than
the previous month as export growth declines, economists forecast
in a poll.
The Reuters survey of 22 economists produced a median forecast
of a rise in industrial output in June of 0.3 percent over the
previous month, and a 3.2 percent gain over the same month the
previous year.
In May output rose 2.6 percent from a month earlier.
Analysts said a slowdown in export growth in recent months,
reflecting economic difficulties in the United States and Asia,
the destination for the bulk of Japan''s exports, would have an
impact on industrial output.
"Exports to Asia and the United States haven''t grabbed the
attention and there is some reaction to the strong figures in
May," said Yoshimasa Maruyama, an economist at Mizuho Research.
"Basically a flat trend continues."
Figures released on Thursday showed that growth in Japanese
exports came to a standstill in June, reflecting the fact that
the U.S. economy has yet to begin its much-heralded pick-up as
well as the effect of the SARS outbreak earlier this year on
economies in Asia.
((Tokyo newsroom +81 3 3432 7304; tokyo.newsroom@reuters.com))
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