Japan Inc. has been a big beneficiary of fiscal and monetary stimulus

This is data for industrial production, but jus the preliminary, for November

Industrial Production m/m for November (preliminary reading), 0.6% ... beat

  • expected 0.5%, prior was 0.5%

Industrial Production y/y (Nov. preliminary), 3.7% ... beat

  • expected 3.6%, prior was 5.9%

As part of this survey there is also a 'what do you expect?' for the coming months:

  • manufacturers expect December output to be +3.4% m/m (previously for December had expected +3.5%)
  • And for January, expect -4.5%

METI (trade and industry ministry) have boosted their assessment of industrial production as pasrt of this release.