View the Archive..March 11, 2014MONETARY POLICY: JAPAN
The Policy board of the Bank of Japan announced it will continue to expand the monetary base at an annual rate of 60-70 trillion yen and continue with quantitative and qualitative monetary easing with the aim of achieving price stability target of 2 percent and overcome the deflation of the past 15 years.
The Policy board noted that Japan's economy has continued to recovery moderately, but some front-loading of demand in consumption and housing has been observed in anticipation of a planned consumption tax increase. Recently exports have leveled off, but business fixed investment, industrial production and corporate profits have continued to improve. The consumer price index (CPI, all items less fresh food) is increasing 1.25 percent year over year and inflation expectation appear to be rising.
Bank of Japan
March 10, 2014NOVA SCOTIA - INTERNATIONAL MERCHANDISE TRADE JANUARY 2014
In January 2014, international merchandise trade domestic exports (province of origin) decreased 18.1% from December 2013 to $326.5 million, and increased 10.6% over January 2013.
March 10, 2014CMHC PRELIMINARY HOUSING STARTS FEBRUARY 2014
In Nova Scotia, the seasonally adjusted annual rate of housing starts in all areas was 1,918 in February 2014, a decrease from the previous month's level of 2,508 but an increase from the February 2013 estimate of 1,485.
In Canada, the seasonally adjusted annual rate of housing starts was 192,094 in February 2014, up from the level of 180,481 in January and up from the level of 179,662 last February.
March 10, 2014JAPAN GDP 2013 Q4 AND ANNUAL
Japan's Cabinet Office has released its second preliminary estimates of fourth quarter GDP growth. In the fourth quarter, Japan's real GDP slowed to a seasonally adjusted annualized rate of 0.7 percent.
Cabinet Office, Japan
March 07, 2014LABOUR FORCE SURVEY FEBRUARY 2014
In Nova Scotia February 2014 (seasonally-adjusted, month-over-month and year-over-year):
Labour force increased 1.0% (+4,900) over January 2014 to 494,800 and decreased 1.2% (-6,000) over February 2013.
Employment increased 0.6% (+2,900) over January 2014 to 450,700 and decreased 0.8% (-3,500) over February 2013.
Unemployment increased 4.5% (+1,900) over January 2014 to 44,100 and decreased 5.4% (-2,500) over February 2013.