Japan data

+0.4 % m/m and a beat

  • expected 0.0% m/m, prior 1.0%

-4.7 % y/y, not as bad as expected (just barely, but still its a win)

  • expected -4.8% y/y, prior -2.3%

As part of the data the Ministry (Economy, Trade & Industry) provide 'putlooks':

  • industrial output for March is seen -5.3% m/m
  • for April +7.5%
  • Note that the METI caution: Manufacturers' output forecasts for March, April do not fully take into account recent developments regarding the coronavirus outbreak and that the outlook for industrial production remains severe for the time being