Archive for September, 2010
(For more stories on the Japanese economy, click [ID:nECONJP]) TOKYO, Oct 1 (Reuters) – Japanese household spending rose 1.7 percent in August from a year earlier in price-adjusted real terms, more than the median market forecast for a 1.3 percent rise, as government subsidies lifted consumption. [JPALLS=ECI] Following is a table of Japan’s household spending figures. For stories, click [JPALLS=ECI] (Changes in percent, economists’ median forecast in parentheses): AUGUST JULY Overall household spending Real (year-on-year) +1.7 (+1.3) +1.1 pct Real (month-on-month) +0.7 (+0.9) -0.4 pct ——————————————————– Wage earner households (year-on-year) Real spending +2.7 +1.0 pct Real average income +1.8 -1.0 pct ——————————————————— To view the full tables, go to the website of the Ministry of Internal Affairs and Communications at: http://www.stat.go.jp/english/data/kakei/index.htm (Reporting by Kaori Kaneko; Editing by Edmund Klamann)
(For more stories on the Japanese economy click [ID:nECONJP]) TOKYO, Oct 1 (Reuters) – Japan’s core consumer prices fell 1.0 percent in August from a year earlier, down for the 18th straight month, the Internal Affairs ministry said on Friday, as the economy remains mired in deflation. The fall in the core consumer price index, which includes oil products but excludes volatile prices of fresh fruit, vegetables and seafood, matched a median market forecast for a 1.0 percent annual fall and follows a 1.1 percent annual decline in July.
(For more stories on the Japanese economy, click [ID:nECONJP]) TOKYO, Oct 1 (Reuters) – Japan’s jobless rate fell in August and the availability of jobs improved slightly, indicating companies are cautiously increasing payrolls. Following is a table of Japan’s jobs data with economists’ median forecasts in parentheses: AUG JULY JUNE AUG 2009 (Seasonally adjusted) Unemployment rate 5.1 (5.2) 5.2 5.3 5.4 pct Jobs-to-applicants ratio 0.54 (0.54) 0.53 0.52 0.42 —————————————————————- (Unadjusted) Number of unemployed (mln) 3.37 3.31 3.44 3.61 Number of employed (mln) 62.78 62.71 62.80 62.96 (including self-employed) Number of salaried (mln) 54.63 54.47 54.47 54.65 Job participation rate 56.8 56.8 56.8 57.0 (y/y, pct) Number of new job offers +19.0 +9.3 +12.8 -24.2 A full table can be seen on the website of the Ministry of Internal Affairs and Communications at: http://www.stat.go.jp/english/data/roudou/index.htm (Note: The jobs-to-applicants ratio and new job offers can be seen only in Japanese on the labour ministry’s website.) (Reporting by Kaori Kaneko; Editing by Edmund Klamann)
By Angela Moon NEW YORK (Reuters) – Wall Street wrapped up its best quarter in a year on Thursday with the S&P and Nasdaq logging in the biggest monthly gains since April 2009, as data showed the economy isn’t in such bad shape. Defying September’s track record as the worst month for stocks, the S&P 500 was up 8.8 percent. In the third quarter, the index gained 10.7 percent, which was the best in a year
(For more stories on the Japanese economy, click [ID:nECONJP]) TOKYO, Oct 1 (Reuters) – Japanese household spending rose 1.7 percent in August from a year earlier in price-adjusted real terms, more than the median market forecast for a 1.3 percent rise, as government subsidies lifted consumption. [JPALLS=ECI] Compared with the previous month, spending grew 0.7 percent from July in seasonally adjusted terms, as households spent an average 293,361 yen ($3,513), the Ministry of Internal Affairs and Communications said on Friday.
By Walter Brandimarte NEW YORK (Reuters) – Fears some countries may resort to currency depreciation to boost exports will be one of the hottest issues at the International Monetary Fund’s annual meeting next week. Currencies will be a delicate topic at the October 8-10 gathering in Washington as they can be used as a powerful tool to help rebalance the global economy, or as a means to seek a competitive trade edge. With the dollar weakening on expectations of further easing in U.S
* 22 mln jobs still needed to reach pre-crisis level * Long-term unemployment, social tension growing GENEVA, Oct 1 (Reuters) – Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued, fuelling social tension, the International Labour Organisation said on Friday. The United Nations work agency said it was putting back by two years from 2013 its previous assessment of the time needed to create the 22 million jobs still needed to regain the pre-crisis level — 14 million in rich countries and 8 million in developing states. The global economy has started to grow again with encouraging signs of employment recovery especially in some Asian and Latin American emerging economies, the ILO said in its annual World of Work report
* New claims for unemployment benefits fall to 453,000 * Midwest manufacturing index rises to 60.4 in September * Second-quarter growth revised up to 1.7 pct * Consumer spending revised higher to 2.2 pct (Adds Bernanke, updates markets to close) By Lucia Mutikani WASHINGTON, Sept 30 (Reuters) – New U.S. claims for jobless aid fell last week, while manufacturing in the nation’s Midwest region grew faster than expected in September, supporting the view that economic activity picked up a bit in the third quarter.
NEW YORK, Sept 30 (Reuters) – U.S. M-2 money supply rose by $7.9 billion in the Sept