Preliminary industrial production data from Japan for September

-5.4% m/m

  • expected -3.2% m/m, prior -3.6%

  • largest drop since May

-2.3% y/y

  • expected 6.7% y/y, prior 8.8%

Forecasts from manufacturing show they expect output in

  • October +6.4% m/m
  • November +5.7% m/m

Japan's METI notes that car production fell 28.2% m/m in September.