Japan data – Industrial Production (MoM) (Nov)-2.2% (expected -2.3%, prior -2.3%)

Earlier:

• Japan Industrial Production for November (preliminary)

Final readings now:

Industrial Production Final (MoM) (Nov)

-2.2%

• Forecast
  -2.3%,
  Previous
  -2.3%

And -2.7% y/y

• prior -2.8%

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Industrial Production released by the Ministry of Economy, Trade and Industry measures outputs of the Japanese factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector.

A high reading is seen as bullish for the JPY, whereas a low reading is seen as bearish.

This article was written by Eamonn Sheridan at www.forexlive.com.