, Japan

Here's proof that Japan's economy is heating up

Amidst regional 'cool down'.

According to HSBC Global Research, data released today offered more convincing evidence that Japan's economy is heating up, even as the rest of the region cools down. Though the headlines will be dominated by the return of (core) inflation, manufacturing was even more impressive. 

Japan's May National CPI eased to -0.3% y-o-y (prior: -0.7%, bbg: -0.4%). Meanwhile, industrial production jumped 2.0% m-o-m sa (prior: 0.9%, bbg: 0.2%). Jobless rate also stayed flat at 4.1% sa (prior: 4.1%, bbg: 4.0%).

Here's more:

Helped by a healthy dose of short-term stimulus, domestic demand is shoring up economic activity. That's no reason to be complacent.

With external headwinds growing stronger, domestic demand, while robust, may not be enough to sustain the impressive pace of H1 2013 growth in Q3 and beyond. But for now, Japan seems to be moving along to its own rhythm.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.