Japan - February preliminary Industrial production
-3.4 % m/m,
- expected -1.5%m prior was +3.7%
-2.6 % y/y,
- expected -0.6%, prior was -2.8%
Industrial production y/y bumbling along around and under zero ... despite all the talk and monetary stimulus
More:
- Production and Shipments decreased
- Inventories and Inventory Ratio increased
- According to the Survey of Production Forecast in Manufacturing, Production is expected to decrease in March and increase in April
- Industrial Production shows signs of increase at a moderate pace
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Further - Outlooks from the Ministry of Economy, Trade and Industry release
- Japan manufacturers see March output -2.0 pct m/m (prev forecast: -3.2 pct)
- Japan manufacturers see April output +3.6 pct m/m
USD/JPY barely changed on the release