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MNI DATA SURVEY: Japan Mar Machinery Orders, Apr Trade, CPI

MNI (London)
     TOKYO (MNI) - The following are the median forecasts from MNI's economist
survey for key Japanese data due in this week.
Date           JST/GMT                Data   Month   Median            Previous
-------------------------------------------------------------------------------
Wed, May 20  0850/2350   Machinery  Orders     Mar     -7.1    % m/m        2.3
Thu, May 21  0850/2350             Exports     Apr    -23.1    % y/y      -11.7
Thu, May 21  0850/2350             Imports     Apr    -12.8    % y/y       -5.0
Thu, May 21  0850/2350       Trade Balance     Apr   -510.0  bln yen        5.4
Fri, May 22  0830/2330   National Core CPI     Apr     -0.1    % y/y        0.4
Core Private-Sector Machinery Orders
-----------------------------------------------------
                                         Change m/m %
Median Forecast                                  -7.1
High Forecast                                    -4.7
Low Forecast                                    -12.0
Previous Month                                    2.3
Standard Deviation                                2.5
No. of Responses                                   12
                                         Change m/m %
Nomura Securities                                -4.7
Mitsubishi UFJ Research and Consulting           -5.0
Morgan Stanley MUFG Securities                   -6.2
BNP Paribas                                      -6.4
Daiwa Institute of Research                      -6.5
Japan Research Institute                         -7.0
NLI Research Institute                           -7.2
Dai-ichi Life Research Institute                 -9.0
Norinchukin Research Institute                  -10.0
Shinkinchuo Kinko                               -11.0
Sumitomo Mitsui Asset Management                -11.4
SMBC Nikko Securities                           -12.0
Trade Statistics Forecast
--------------------------------------------------------------------------
                                          Exports   Imports  Trade Balance
                                            y/y %     y/y %      (bln yen)
Median Forecast                             -23.1     -12.8         -510.0
High Forecast                               -18.7      -6.6         -397.0
Low Forecast                                -25.7     -18.0       -1,051.9
Previous Month                              -11.7      -5.0            5.4
Standard Deviation                            2.1       3.1          191.0
No. of Responses                               11        11             12
                                          Exports   Imports  Trade Balance
                                            y/y %     y/y %      (bln yen)
BNP Paribas                                   N/A       N/A         -399.7
Japan Research Institute                    -18.7     -11.9         -397.0
Shinkinchuo Kinko                           -20.5     -12.8         -460.0
Mitsubishi UFJ Research and Consulting      -21.2     -10.7         -650.0
Daiwa Institute of Research                 -21.4     -14.4         -416.0
Dai-ichi Life Research Institute            -22.3     -12.0         -634.5
Morgan Stanley MUFG Securities              -23.1     -16.3         -400.0
Nomura Securities                           -23.2      -6.6       -1,051.9
NLI Research Institute                      -23.5     -12.5         -679.6
Sumitomo Mitsui Asset Management            -24.1     -14.9         -560.0
Norinchukin Research Institute              -25.0     -18.0         -418.1
SMBC Nikko Securities                       -25.7     -15.8         -612.6
Consumer Price Index (Excluding Fresh Food)
------------------------------------------------------------
                                              National % y/y
Median Forecast                                         -0.1
High Forecast                                            0.2
Low Forecast                                            -0.2
Previous Month                                           0.4
Standard Deviation                                       0.1
No. of Responses                                          12
                                              National % y/y
Mitsubishi UFJ Research and Consulting                   0.2
BNP Paribas                                             -0.1
Daiwa Institute of Research                             -0.1
Japan Research Institute                                -0.1
Morgan Stanley MUFG Securities                          -0.1
Nomura Securities                                       -0.1
Norinchukin Research Institute                          -0.1
Shinkinchuo Kinko                                       -0.1
Sumitomo Mitsui Asset Management                        -0.1
Dai-ichi Life Research Institute                        -0.2
NLI Research Institute                                  -0.2
SMBC Nikko Securities                                   -0.2
--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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