Japan data - November preliminary industrial production -0.1% m/m (expected -0.3%)

Data from Japan for industrial output, the flash reading, for November 2022:

-0.1% m/m

• expected -0.3%, prior -3.2%

-1.3% y/y

• prior +3%

The Japanese government has cut its assessment of industrial production, says IP is weak. Says manufacturing confidence remains weak.

Manufacturers outlooks:

• December seen at +2.8% m/m
• January seen at -0.6% m/m

Of more note is this from the Bank of Japan at the same time:

• BOJ December meeting Summary of Opinions: Must maintain easy policy