Japan Industrial Production (MoM) (September), preliminary 2.2% m/m
- expected 1.5%, prior 1.5%
Preliminary 3.4% y/y
- prior -1.6%
The forecast for one month ahead is 1.9%
- prior 4.1%
The forecast for two months ahead is -0.9%
- prior 1.2%
-- The preliminary September results are encouraging and bolster the case for Bank of Japan rate hikes ... eventually! The Bank maintained rates steady yesterday indicated it'd still be a cautious road ahead.
