Japan - June (preliminary) Industrial Production
- expected +1.5% m/m, prior -3.6%
- expected +4.8% y/y, prior +6.5%
Factory output has been improving, as have
- Consumer spending (on Friday last week we had encouraging household spending data, at its highest for two years in June)
- Corporate capital spending
- Auto sales
Expectations for IP today are for a 5th consecutive month of gains
