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China, Redbook retail sales, UK manufacturing, yen comments

Summary:
Still in negative territory:Still stone cold dead:Exporters have serious clout over there. Intervention on their behalf would be no surprise: Japan exporters stand to take nearly bn hit from rising yen The yen’s sharp appreciation threatens to undercut profits at major Japanese exporters by more than 1 trillion yen (.37 billion) this fiscal year, outweighing any benefits of a stronger home currency for some companies, estimates by The Nikkei show.Even at exchange rates of 110 yen to the dollar and 125 yen to the euro — levels on which many companies are basing their fiscal 2016 earnings estimates — 25 of the country’s biggest exporters, including Toyota Motor and Komatsu, would see their combined operating profits fall 1.14 trillion yen on the year owing to currency movements alone.

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Still in negative territory:
China, Redbook retail sales, UK manufacturing, yen comments
Still stone cold dead:
China, Redbook retail sales, UK manufacturing, yen comments
China, Redbook retail sales, UK manufacturing, yen comments
Exporters have serious clout over there.

Intervention on their behalf would be no surprise:

Japan exporters stand to take nearly $10bn hit from rising yen

The yen’s sharp appreciation threatens to undercut profits at major Japanese exporters by more than 1 trillion yen ($9.37 billion) this fiscal year, outweighing any benefits of a stronger home currency for some companies, estimates by The Nikkei show.

Even at exchange rates of 110 yen to the dollar and 125 yen to the euro — levels on which many companies are basing their fiscal 2016 earnings estimates — 25 of the country’s biggest exporters, including Toyota Motor and Komatsu, would see their combined operating profits fall 1.14 trillion yen on the year owing to currency movements alone.

China, Redbook retail sales, UK manufacturing, yen comments

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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