Headlines via Reuters, comments from a Japanese government official

  • Fears of sharp fall in output have been dispelled, revised up assessment on output for 1st time in 9 months
  • Rise in output due to brisk production of cosmetics, parts for smart-phones and automobiles

Referring to the earlier preliminary industrial production data release for September.

"Brisk production of cosmetics".

Because you're worth it, right?

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The yen is gaining further on these comments ... to the extent they indicate further BOJ easing is unlikely, that makes sense.