Japan January industrial output -1.1% m/m
- expected -1.2%, prior -0.2%
for the y/y its +2.6%
- expected -1.2%, prior +1.6%
Manufacturers forecast for 1 month ahead, February, is +5.0%
- prior +1.0%
for 2 months ahead, March, -2.0%
- prior -1.2%
The data of focus so far from Japan has been:
The yen has weakened on the CPI data, at the margin it suggests less urgency on Bank of Japan rate hikes.