- Prior was +7.0%
- Manufacturers see January output up 5.2% m/m
- Manufacturers see Feb output up 2.2% m/m
- On the year, Japanese output rose 5.8%, which is the largest gain in this era
The better forecasts take the sting out of this miss. If anything, there's more good news here than bad. JPY is unmoved.
The government kept its assessment of industrial output unchanged.
