Japan data - preliminary Industrial production for July

-0.6% m/m,

  • expected +0.1%, prior was +1.1%

+0.2% y/y,

  • expected +0.8%, prior was +2.3%

-

Weaker than expected

Japanese manufacturers outlook:

  • See August output +2.8% m/m (previously they had forecast +2.7%)
  • See September output -1.7% m/m