JAPAN DAYBOOK: GDP, Eisai, Toyota, Tokio Marine, T&D, NKSJ
An economic report today will probably show Japan slipping into its third recession in a decade. Toyota’s U.S. sales unit said Prius supplies are returning to normal and it expects full-production will resume in the fourth quarter. Japanese casualty insurers report earnings.
ECONOMY *8:50am GDP 1Q annualized; survey -1.9%, prior -1.3% *8:50am Housing loans 1Q; prior +3.2% *8:50am International transactions in securities *1:30pm Industrial production March revised; prior -15.3% m/m *2:00pm Bank of Japan begins two-day policy meeting *2:30pm Nationwide dept. store sales April; prior -14.7% y/y
GOVERNMENT *Chief Cabinet Secretary Edano regular briefings 11am, 4pm *Vice finance minister regular briefing; time NA *Diet begins debate on reconstruction legislation, Jiji says *Lower House votes to set up committee to discuss reconstruction legislation, Jiji says
GOVERNMENT BONDS *12:35pm Treasury discount bill auction result *12:45pm 5-yr bond auction result
CORPORATE *11:15am Japan Automobile Manufacturers Association Chairman Toshiyuki Shiga meets press, Nikkei says *2:00pm Wacoal President Yoshikata Tsukamoto gives investor briefing *3:00pm Japanese Bankers’ Association Chairman Masayuki Oku gives regular press conference *4:30pm Drug industry regular briefing, reception *5:00pm Tokyo Electric Power nuclear disaster daily briefing *NA Aeon Co. (8267 JP) annual shareholder meeting
EARNINGS *2:00pm Tokio Marine (8766 JP): FY net forecast revised May 6 to 71b yen; next yr net analysts’ ests. since revision 117b yen *2:00pm Mizuno (8022 JP): FY net est. 2.4b yen, sales 148b yen, op profit 4.7b yen *3:00pm NKSJ Holdings (8630 JP): FY net forecast revised May 2 to 12.9b yen loss; next yr analysts’ ests. since revision net income 38b yen *4:00pm T&D Holdings (8795 JP): FY net ests. 33b yen; next yr ests. net 38b yen *NA MS&AD Insurance (8725 JP) FY net forecast revises May 2 to 5b yen; next yr analysts’ ests. since revision net 59b yen
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