Japan Preliminary June Industrial production +1.7% m/m (expected -0.6%)

Japan Preliminary June Industrial production come in improved from May, a welcome development.

+4% y/y

• prior -2.4%

+1.7% m/m

• expected -0.6%, prior -0.1%

Still to come from Japan today:

• Economic calendar in Asia Thursday, July 31, 2025 - BoJ interest rate decision, China PMIs
• PREVIEW - BOJ likely to hold steady, market too hawkish on October hike odds
• BOJ expected to hold rates steady, offers cautious optimism as trade headwinds ease