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MNI DATA SURVEY: Japan May Spending, Orders; Jun CGPI

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
--------------------------------------------------------------------------
Tue, Jul 7   0830/2330  Household Spending    May   -12.4  % y/y     -11.1
Thu, Jul 9   0850/2350    Machinery Orders    May    -5.6  % m/m     -12.0
Fri, Jul 10  0850/2350                CGPI    Jun    -2.0  % y/y      -2.7
Fri, Jul 10  0850/2350                CGPI    Jun     0.2  % m/m      -0.4
Real Spending (Households With Two Or More People)
----------------------------------------------------------------
                                                    Change y/y %
Median Forecast                                            -12.4
High Forecast                                               -8.3
Low Forecast                                               -14.4
Previous Month                                             -11.1
Standard Deviation                                           1.8
No. of Responses                                              12
                                                    Change y/y %
Morgan Stanley MUFG Securities                              -8.3
Norinchukin Research Institute                             -10.0
Mizuho Research Institute                                  -10.1
Japan Research Institute                                   -10.6
BNP Paribas                                                -12.2
SMBC Nikko Securities                                      -12.3
Nomura Securities                                          -12.5
Sumitomo Mitsui Asset Management                           -12.7
Dai-ichi Life Research Institute                           -13.0
NLI Research Institute                                     -13.1
Mitsubishi UFJ Research and Consulting                     -13.9
Daiwa Institute of Research                                -14.4
Core Private-Sector Machinery Orders
----------------------------------------------------
                                        Change m/m %
Median Forecast                                 -5.6
High Forecast                                    2.1
Low Forecast                                   -11.0
Previous Month                                 -12.0
Standard Deviation                               4.0
No. of Responses                                  12
                                        Change m/m %
NLI Research Institute                           2.1
Japan Research Institute                         2.0
Daiwa Institute of Research                     -2.3
Mitsubishi UFJ Research and Consulting          -3.0
Sumitomo Mitsui Asset Management                -3.2
Dai-ichi Life Research Institute                -5.5
Morgan Stanley MUFG Securities                  -5.7
Nomura Securities                               -5.9
SMBC Nikko Securities                           -6.2
BNP Paribas                                     -8.0
Mizuho Research Institute                       -8.9
Norinchukin Research Institute                 -11.0
Corporate Goods Price Index (CGPI)
------------------------------------------------------------------
                                        Change y/y %  Change m/m %
Median Forecast                                 -2.0           0.2
High Forecast                                   -1.4           0.7
Low Forecast                                    -2.4          -0.3
Previous Month                                  -2.7          -0.4
Standard Deviation                               0.4           0.4
No. of Responses                                  11            10
                                        Change y/y %  Change m/m %
Dai-ichi Life Research Institute                -1.4           0.7
Mizuho Research Institute                       -1.6           0.5
NLI Research Institute                          -1.6           0.5
Daiwa Institute of Research                     -1.7           0.4
Japan Research Institute                        -1.7           0.4
Nomura Securities                               -2.0           N/A
Mitsubishi UFJ Research and Consulting          -2.2          -0.1
Morgan Stanley MUFG Securities                  -2.3          -0.1
BNP Paribas                                     -2.4          -0.3
Norinchukin Research Institute                  -2.4          -0.3
Sumitomo Mitsui Asset Management                -2.4          -0.3
--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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