Flash reading for Japanese IP in Dec of 2018, better than was the consensus expectation
-0.1 % m/m … second month in a row of a fall - trade tensions weighing.
- expected -0.5% m/m, prior -1.0%
-1.9 % y/y
- expected -2.3% y/y, prior 1.5%
Outlooks:
- Jan output seen at -0.1% m/m
- Feb seen at +2.6% m/m
OK, yeah, 2nd month falling, but the outlook is seen picking up in February. .