Japan - Industrial production for February, preliminary data is here
A bit of a recap on this poor data from Bloomberg :
- A steel-mill explosion halted domestic car production at Toyota
- The data adds to signs of a weak recovery from last quarter's contraction, with overseas shipments dropping for the last five months and domestic demand weak
- "Exports remained weak amid a slowdown in demand in China and other emerging Asian nations," Yasuhiro Takahashi, an economist at Nomura Securities in Tokyo, said before the data. Even taking out the impact of Toyota, overall production was weak, and the economy is at risk of contracting again this quarter, he said.
More at the link above
