Japan data - Industrial Production (April, preliminary): +0.3% m/m (expected -1.5%)

Industrial Production m/m for April (preliminary reading), +0.3%

• expected -1.5%, prior 3.8%

And for the y/y: -3.5%

• expected -5.0%, prior +0.2%

Earthquakes hit a southern manufacturing hub in Kyushu island in mid-April, forcing major companies to close factories. Nevertheless, preliminary data showing a beat

Japanese manufacturers forecast May output higher at +2.2% m/m and June at +0.3% m/m

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Earlier from Japan today:

Overall Household Spending y/y for April, -0.4% y/y

• expected -1.3%, prior was -5.3%
• m/m, up 0.2%

Jobless Rate for April, 3.2%

• expected 3.2%, prior was 3.2%

Job-To-Applicant Ratio for April, 1.34

• expected 1.30, prior was 1.30