Japan Industrial production for August preliminary: -1.2% y/y (expected -0.5%)

Good retail sales data (separate post) but not so much for IP

• -4.7% y/y, expected -0.5%, prior was 1.3%
• -1.2% m/m, expected -3.9%, prior was 0.7%

Expectations ahead:

• manufacturers expect output to increase in sept September by 1.9%
• for October expect a fall of 0.5%