• 1.0% increase in production from December (forecasts were for +1.5%)
  • Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 5.3% in February and 0.3% for March
  • The data covers the first full month in office for new PM Shinzo Abe

“I think Japan’s recession is over. There are worries about yen gains, so there is a need to reduce volatility in the market. The government is cutting back on verbal intervention, but the Bank of Japan’s easing stance means the yen should remain lower.”

Japan factory output rises for second month