Japan Industrial Production for February (preliminary): +0.4% m/m (expected 0.0%)

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