Contact Mace News President
Tony Mace tony@macenews.com
to find a customer- and markets-oriented brand of news coverage with a level of individualized service unique to the industry. A market participant told us he believes he has his own White House correspondent as Mace News provides breaking news and/or audio feeds, stories, savvy analysis, photos and headlines delivered how you want them. And more. And this is important because you won’t get it anywhere else. That’s MICRONEWS. We know how important to you are the short advisories on what’s coming up, whether briefings, statements, unexpected changes in schedules and calendars and anything else that piques our interest.
No matter the area being covered, the reporter is always only a telephone call or message away. We check with you frequently to see how we can improve. Have a question, need to be briefed via video or audio-only on a topic’s state of play, keep us on speed dial. See the list of interest areas we cover elsewhere
on this site.
—
You can have two weeks reduced price no-obligation trial for $199. No self-renewing contracts. Suspend, renew coverage at any time. Stay with a topic like trade while it’s hot and suspend coverage or switch coverage areas when it’s not. We serve customers one by one, 24/7.
—
Tony Mace was the top editorial executive for Market News
International for two decades.
Washington Bureau Chief Denny Gulino had the same title at Market News for 18 years.
Similar experience undergirds our service in Ottawa, London, Brussels and in Asia.
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Consensus outlook for Mace News
Friday, October 2, 2026
0830 JST (2330 GMT/1930 EDT Thursday, October 1) The Ministry of Internal Affairs and Communications releases August jobs.
Mace News median: 2.4% (range: 2.4% to 2.5%)vs. 2.4% in July, 2.5% in June, May and April, 2.7% in March and 2.6% in February.
By Chikafumi Hodo
TOKYO (MaceNews) – Japan’s labor market is expected to remain healthy in August, with the unemployment rate holding at the one-year low reached a month earlier. Ongoing labor shortages have concentrated mainly in sectors such as daycare, healthcare, transportation and construction, which are characterized by long working hours and relatively low wages.
The seasonally adjusted unemployment rate is seen staying at 2.4% in August for a second straight month. It had been steady at 2.5% from April through June, reflecting widespread labor shortages.
In July, the number of employed people was 68.50 million, unchanged from a year earlier, while the number of unemployed people was 1.69 million, also unchanged from a year earlier.
By reason for seeking a job, the number of people who left their jobs due to circumstances involving their employer increased by 10,000 in July from a year earlier. Those who voluntarily left their jobs increased by 50,000, while those who were newly seeking work decreased by 30,000.
Consensus outlook for Mace News
Friday, October 2, 2026
0830 JST (2330 GMT/1930 EDT Thursday, October 1) The Ministry of Internal Affairs and Communications releases September Tokyo CPI.
Mace News median: total CPI +2.2% y/y (range: +2.1% to +2.4%) vs. Aug +1.9%; core CPI (ex-fresh food) +2.1% (range: +1.9% to +2.2%) vs. Aug +1.8%; core-core CPI (ex-fresh food, energy) +2.4% (range: +2.1% to +2.6%) vs. Aug +2.0%
By Chikafumi Hodo
TOKYO (MaceNews) – The key readings of Tokyo’s consumer price index, a leading indicator of the nationwide trend, are expected to accelerate for a fourth straight month on the year in September as the broad upward trend in prices continues, with rising international energy prices and domestic food prices, as well as retailers increasingly passing higher labor, materials, transportation and other costs on to consumers.
The government continued efforts to ease the burden on consumers through measures including gasoline and utility subsidies. The Japanese authorities also took a rare step to intervene in the currency market with the U.S. in August and continued to monitor the market to curb excessive yen weakness. But the measures appeared to have had a limited impact on the yen in reversing the trend of rising import costs.
Against this backdrop, all three key Tokyo CPI measures are expected to rise above the Bank of Japan’s 2% inflation target in September for the first time in nine months.
The core CPI, which excludes fresh food, is forecast to rise 2.1% on the year in September, compared with a 1.8% rise a month earlier. This was the highest since December, when core consumer inflation reached 2.3%. It also marked a rapid turnaround from May, when the core figure dipped to a four-year low of 1.2%.
In August, Tokyo CPI accelerated under the 2025 base year as many firms continued to pass higher costs on to consumers and the weak yen made imports more expensive. Still, the pace of acceleration was moderate in August as a sharper drop in overall energy prices and smaller gains in processed food markups and mobile communication fees partly offset the impact of higher medical bills and entertainment durable goods prices.
Elsewhere in the September forecast, total CPI is seen rising 2.2%, up from 1.9% in the previous month. The core-core index, which excludes both fresh food and energy, is expected to rise 2.4% on the year, up from 2.0% in August.
Wednesday, Sept 30, 2026
0850 JST (2350 GMT/1950 EDT Tuesday, Sept 29) The Ministry of Economy, Trade and Industry releases August retail sales.
Mace News median: +2.7% y/y (range: +1.2% to +3.7%) vs. July revised to +3.7% from +4.0%; -0.9% m/m (range: -1.6% to -0.8%) vs. July revised to +2.1% from +2.4%
By Chikafumi Hodo
TOKYO (MaceNews) – Japanese retail sales are seen rising for a sixth straight month on the year in August as inflationary pressure remained in place. Strong sales at major department stores provided overall support, while retail sales are expected to slow as auto sales, new passenger car registrations and gasoline sales showed signs of weakening.
Retail sales are projected to rise 2.7% in August from a year earlier, compared with a revised 3.7% increase in July, which was revised down from the preliminary 4.0% rise. A cooler-than-usual summer in the Tokyo metropolitan area may have restrained consumption and weighed on retail sales during the month.
Retail sales have picked up steadily in recent months. In July, the year-on-year increase was led by autos, appliances, department stores and drugs/cosmetics. Hot weather after the rainy season boosted demand for air conditioners, while auto sales also increased. Subsidies continued to put a lid on gasoline and diesel prices, resulting in no change in fuel sales after a recent downtrend. The increase was broad-based.
Retail sales on a month-on-month basis are seen falling 0.9% in August after a revised 2.1% rise in July, compared with the original 2.4% rise. In July, the Ministry of Economy, Trade and Industry maintained its assessment, which it had upgraded in its May report, that retail sales are “on a gradual uptrend.”
By Max Sato –BOJ Points to Upside Risks to its Inflation Outlook, Notes Financial Conditions Expected to Remain Supportive to Economic Activity (MaceNews) – The
– Warsh: Strong Economy, High Inflation Made FOMC ‘Remove Dose of Accommodation’ – Warsh: Rate Hike Should Ensure ‘Timelier Return’ to Fed’s 2% Inflation Target
WASHINGTON (MaceNews) – The following is the extremely brief policy statement by the Federal Open Market Committee Wednesday afternoon: The Federal Open Market Committee approved
— Managers Increase Cash, Reduce Other Holdings –Potential ‘Disorderly’ Rise in Bond Yields Seen as Top ‘Tail Risk’ NEW YORK (MaceNews) – Uncertainty about a
Friday, Sept 18, 20260830 JST (2330 GMT/1930 EDT Thursday, Sept 17) The Ministry of Internal Affairs and Communications releases July CPI. Mace News median: total
Wednesday, Sept 16, 20260850 JST (2350 GMT/1950 EDT Tuesday, Sept 15) The Cabinet Office releases June and April-June machinery orders.Mace News median: core orders -1.0%
Wednesday, Sept 16, 20260850 JST (2350 GMT/1950 EDT Tuesday, Sept 15) The Ministry of Finance releases August trade.Mace News median: exports +17.7% y/y (range: +15.9%
–August Exports to Continue Showing Resilience, July Machinery Orders to Dip After Sharp Rebound, August CPI Seen Steady to Slightly Up around BOJ’s 2% Target
Contact Mace News President
Tony Mace tony@macenews.com
to find a customer- and markets-oriented brand of news coverage with a level of individualized service unique to the industry. A market participant told us he believes he has his own White House correspondent as Mace News provides breaking news and/or audio feeds, stories, savvy analysis, photos and headlines delivered how you want them. And more. And this is important because you won’t get it anywhere else. That’s MICRONEWS. We know how important to you are the short advisories on what’s coming up, whether briefings, statements, unexpected changes in schedules and calendars and anything else that piques our interest.
No matter the area being covered, the reporter is always only a telephone call or message away. We check with you frequently to see how we can improve. Have a question, need to be briefed via video or audio-only on a topic’s state of play, keep us on speed dial. See the list of interest areas we cover elsewhere
on this site.
—
You can have two weeks reduced price no-obligation trial for $199. No self-renewing contracts. Suspend, renew coverage at any time. Stay with a topic like trade while its hot and suspend coverage or switch coverage areas when it’s not. We serve customers one by one 24/7.
—
Tony Mace was the top editorial executive for Market News International for two decades.
Washington Bureau Chief Denny Gulino had the same title at Market News for 18 years.
Similar experience undergirds our service in Ottawa, London, Brussels and in Asia.
