Latest data released by METI - 12 July 2019
- Industrial production -2.1% vs -1.8% y/y prelim
Slight delay in the release by the source. The preliminary figures can be found here. The revised readings are a little weaker than the initial estimates but the monthly improvement in May will certainly be of relief to the Japanese economy.
That said, relative to a year ago, factory activity remains rather weak and that highlights the softer patch the economy is experiencing so far this year. USD/JPY continues to hold slightly lower on the day on the back of a weaker dollar, at 108.40 currently.
