Free Trial

MNI BRIEF: BOJ Sees Semiconductor Shortage To Continue in Q2

MNI (Sydney)
TOKYO (MNI)

Bank of Japan officials expect the shortage of semiconductors to continue in the second quarter, prolonging the shortage for longer than expected and putting downward pressure on automobile production, MNI understands.

But the expected drop in industrial production will be eased by higher production of IT-related and capital goods driven by solid global demand.

Bank officials expect industrial production in the first quarter to rise q/q but they expect real gross domestic product during the period to contract due to weak private consumption, largely for food and beverage services and accommodation caused by the state of emergency.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.