Preliminary Industrial Production (September) from Japan

+1.0% m/m,

  • Expected -0.6%, and Prior -1.2%

-0.9% y/y,

  • Expected -2.6%, prior -0.4%

Also, 'outlooks' from Japanese manufacturers:

  • See output for October +4.1% m/m (vs. prior forecast at +4.4%)
  • See November output -0.3% m/m

Meanwhile ....

  • The Japanese government upgrades is its assessment for industrial output
  • Says output is moving sideways

-

Yen is being marked higher (i.e. USD/JPY lower) as the improvement and above expected result decreases the perception of the likelihood of BOJ easing tomorrow

-

Via FastFT.

  • First m/m gain in 3 months
  • The unexpected strength could help keep the Japanese economy out of a recession in the third quarter. Either way, it adds to the case for holding policy steady when the BoJ meets.

FastFT (is gated)