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MNI DATA SURVEY: Japan Jan Trade, CPI, Dec Machinery Orders

MNI (London)
     TOKYO (MNI) - The following are the median forecasts from MNI's economist
survey for key Japanese data due in the coming week.
Date           JST/GMT               Data  Month   Median           Previous
----------------------------------------------------------------------------
Wed, Feb 19  0850/2350            Exports    Jan     -7.1    % y/y      -6.3
Wed, Feb 19  0850/2350            Imports    Jan     -1.3    % y/y      -4.9
Wed, Feb 19  0850/2350      Trade Balance    Jan  -1717.2  bln yen    -154.6
Wed, Feb 19  0850/2350   Machinery Orders    Dec     -9.3    % m/m      18.0
Fri, Feb 21  0830/2330  National Core CPI    Jan      0.7    % y/y       0.7
Trade Statistics Forecast
-----------------------------------------------------------------------
                                        Exports  Imports  Trade Balance
                                          y/y %    y/y %      (bln yen)
Median Forecast                            -7.1     -1.3        -1717.2
High Forecast                              -4.0      0.8        -1368.4
Low Forecast                               -9.0     -4.5        -1883.2
Previous Month                             -6.3     -4.9         -154.6
Standard Deviation                          1.4      1.8          136.6
No. of Responses                             11       11             12
                                        Exports  Imports  Trade Balance
                                          y/y %    y/y %      (bln yen)
BNP Paribas                                 N/A      N/A       -1,831.4
Japan Research Institute                   -4.0     -3.9       -1,368.4
Dai-ichi Life Research Institute           -6.0      0.0       -1,752.2
Mizuho Research Institute                  -6.7     -1.1       -1,714.3
Sumitomo Mitsui Asset Management           -6.9     -0.4       -1,770.0
SMBC Nikko Securities                      -7.0     -2.1       -1,628.8
Mitsubishi UFJ Research and Consulting     -7.1     -1.3       -1,720.0
Nomura Securities                          -7.3      0.8       -1,883.2
Morgan Stanley MUFG Securities             -8.3     -1.3       -1,790.0
Daiwa Institute of Research                -8.5     -4.1       -1,582.6
NLI Research Institute                     -8.8     -3.5       -1,669.0
Norinchukin Research Institute             -9.0     -4.5       -1,604.8
Core Private-Sector Machinery Orders
----------------------------------------------------
                                        Change m/m %
Median Forecast                                 -9.3
High Forecast                                   -3.6
Low Forecast                                   -13.2
Previous Month                                  18.0
Standard Deviation                               2.9
No. of Responses                                  12
                                        Change m/m %
Mizuho Research Institute                       -3.6
Sumitomo Mitsui Asset Management                -5.0
Morgan Stanley MUFG Securities                  -6.2
NLI Research Institute                          -6.6
Dai-ichi Life Research Institute                -8.0
Japan Research Institute                        -8.5
Norinchukin Research Institute                 -10.0
SMBC Nikko Securities                          -10.2
Daiwa Institute of Research                    -10.5
Mitsubishi UFJ Research and Consulting         -10.9
BNP Paribas                                    -12.0
Nomura Securities                              -13.2
Consumer Price Index (Excluding Fresh Food)
-----------------------------------------------------------
                                             National % y/y
Median Forecast                                         0.7
High Forecast                                           0.8
Low Forecast                                            0.6
Previous Month                                          0.7
Standard Deviation                                      0.1
No. of Responses                                         12
                                             National % y/y
Dai-ichi Life Research Institute                        0.8
Japan Research Institute                                0.8
Mitsubishi UFJ Research and Consulting                  0.8
NLI Research Institute                                  0.8
SMBC Nikko Securities                                   0.8
BNP Paribas                                             0.7
Daiwa Institute of Research                             0.7
Mizuho Research Institute                               0.7
Morgan Stanley MUFG Securities                          0.7
Nomura Securities                                       0.7
Norinchukin Research Institute                          0.6
Sumitomo Mitsui Asset Management                        0.6
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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