TOKYO (MNI) – The following are the median forecasts for Japanese
economic data due next week provided by economists surveyed by Market
News International.
Economists expect core machinery orders, a leading indicator for
capex, will show a gain on the month, in rebound from a major drop in
December, while forecasting that the pace of y/y gains accelerates
slightly due to rises in oil product prices triggered by tension
surrounding Iran. Meanwhile, service business activity is expected to
have improved m/m, thanks to rises in auto sales caused by
re-introduction of subsidies for greener cars.
Monday, Mar. 12, 0850 JST (2350 GMT): Cabinet Office releases
January machinery orders. Forecast: Core private sector orders +1.6% m/m
in January, the first rise in two months, after -7.1% in December and
+14.8% in November.
Monday, Mar. 12, 0850 JST (2350 GMT): BOJ releases February
corporate goods price index. Forecast: CGPI +0.6% y/y in February, a
17th straight rise, after +0.5% in January and +1.2% in December.
Tuesday, Mar. 13, 0850 JST (2350 GMT): METI releases January
tertiary industry activity index. Forecast: The index measuring spending
in the services sector +0.3% m/m, a second straight rise, after +1.4% in
December and -0.6% in November.
skodama@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4838 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
