Japan December industrial Output came in at +2.5% m/m vs +4.1% for the market expectation.
“The stimulus will probably start boosting the economy from the second quarter,” said Masamichi Adachi, senior economist at JPMorgan Securities in Tokyo and a former BOJ official. “There will be a time lag until the weakening yen increases export volume.”
Japan December Industrial Output Rises Less-Than-Forecast 2.5%