Japan Industrial Production (preliminary, June 2024) -3.6% m/m (expected -4.8%)

  • For the y/y -7.3% (prior +1.1%)

Slumping factory output

Japan data ip retail 31 July 2024 2

Japanese manufacturers' outlooks:

  • see August output +0.7% m/m
  • see July output +6.5% m/m

I doubt the BoJ is paying too much attention to today's data but this is probably indicative of on hold given the weakness.

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