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MNI (Singapore)
     TOKYO (MNI) - The following are the MNI economist survey median forecasts
for key Japanese data due in the coming week.
Date           JST/GMT                Data   Month   Median          Previous
Fri, Sep 28  0830/2330      Tokyo Core CPI     Sep      0.9  % y/y        0.9
Fri, Sep 28  0830/2330   Unemployment Rate     Aug      2.4      %        2.5
Fri, Sep 28  0850/2350        Retail Sales     Aug      2.1  % y/y        1.5
Fri, Sep 28  0850/2350   Industrial Output     Aug      1.5  % m/m       -0.2
Consumer Price Index (Excluding Fresh Food)
                                              Tokyo % y/y
Median Forecast                                       0.9
High Forecast                                         1.0
Low Forecast                                          0.8
Previous Month                                        0.9
Standard Deviation                                    0.1
No. of Responses                                       11
                                              Tokyo % y/y
Mizuho Research Institute                             1.0
Sumitomo Mitsui Asset Management                      1.0
Dai-ichi Life Research Institute                      0.9
Hamagin Research Institute                            0.9
Morgan Stanley MUFG Securities                        0.9
NLI Research Institute                                0.9
Nomura Securities                                     0.9
SMBC Nikko Securities                                 0.9
BNP Paribas                                           0.8
Japan Research Institute                              0.8
Mitsubishi UFJ Research and Consulting                0.8
Unemployment Rate (Seasonally Adjusted)
Median Forecast                          2.4
High Forecast                            2.6
Low Forecast                             2.4
Previous Month                           2.5
Standard Deviation                       0.1
No. of Responses                          13
SMBC Nikko Securities                    2.6
Daiwa Institute of Research              2.5
Japan Research Institute                 2.5
Mizuho Research Institute                2.5
NLI Research Institute                   2.5
Nomura Securities                        2.5
BNP Paribas                              2.4
Dai-ichi Life Research Institute         2.4
Hamagin Research Institute               2.4
Mitsubishi UFJ Research and Consulting   2.4
Morgan Stanley MUFG Securities           2.4
Norinchukin Research Institute           2.4
Sumitomo Mitsui Asset Management         2.4
Preliminary Industrial Production
                                         Change m/m %
Median Forecast                                   1.5
High Forecast                                     1.8
Low Forecast                                      1.1
Previous Month                                   -0.2
Standard Deviation                                0.2
No. of Responses                                   13
                                         Change m/m %
Dai-ichi Life Research Institute                  1.8
SMBC Nikko Securities                             1.8
Hamagin Research Institute                        1.7
BNP Paribas                                       1.6
Morgan Stanley MUFG Securities                    1.6
Japan Research Institute                          1.5
Mitsubishi UFJ Research and Consulting            1.5
NLI Research Institute                            1.5
Nomura Securities                                 1.5
Daiwa Institute of Research                       1.4
Norinchukin Research Institute                    1.4
Sumitomo Mitsui Asset Management                  1.2
Mizuho Research Institute                         1.1
Preliminary Retail Sales
                                         Change y/y %
Median Forecast                                   2.1
High Forecast                                     2.7
Low Forecast                                      1.6
Previous Month                                    1.5
Standard Deviation                                0.3
No. of Responses                                    8
                                         Change y/y %
Nomura Securities                                 2.7
Mizuho Research Institute                         2.2
BNP Paribas                                       2.1
Hamagin Research Institute                        2.1
Morgan Stanley MUFG Securities                    2.0
Sumitomo Mitsui Asset Management                  2.0
Dai-ichi Life Research Institute                  1.9
Mitsubishi UFJ Research and Consulting            1.6
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:

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