The Japanese government assessment has been downgraded, says that industrial output is stalling.
April -1.3% m/m
- expected -0.2%, prior +0.3%
for the y/y comes in at -4.8%
- expected -2.5%, prior -1.7%
1 month ahead, ie. May output is seen at 4.8% m/m
2 months ahead, ie. June output is seen at +8.9% m/m
