Japan — Industrial production (September, preliminary) -1.1% m/m (expected -1.6%)

Earlier data from Japan is here in unemployment and overall household spendingNow the September preliminary Industrial Production data, comes in at  -1.1% m/m, lower than in August but a beat on the expected 

  • expected -1.6%, prior was -2.0%

Industrial Production +2.5% y/y  … beat

  • expected 2.0%, prior was 5.3%

The outlooks (METI asks for these as part of the survey):

  • For October, factory output seen at +4.7% m/m (vs. previous forecast at +3.5%)
  • November seen at -0.9% m/m

Yen is not doing too much on the data, USD/JPY down a few tics as I update

  • there are USD/JPY stops reported under 112.90 (not surprisingly under the US time lows), bids again 112.65/70

more to come

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