Japan January industrial output -1.1% m/m
expected -1.2%, prior -0.2%for the y/y its +2.6%
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:
Tokyo February headline CPI +2.9% y/y vs. +3.2% expectedThe yen has weakened on the CPI data, at the margin it suggests less urgency on Bank of Japan rate hikes.
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