JAPAN DATA: METI data showed that the 5.7% rise m/m in May
industrial output, the second largest on record after +7.9% marked in
March 1953, was led by a recovery in production of passenger cars and
trucks as well as higher output of general machinery. The 5.3% rise
forecast by firms for June will be led by transport equipment,
information and communication electronics equipment as well as
electrical machinery. The forecast 0.5% rise in July will be led by
transport equipment, information and communication electronics
equipment, and general machinery.