Japan March Industrial production +3.8% m/m (expected +3.5%)

Japan Industrial Production for March 2024, preliminary

+3.8% m/m, a government spokesman says expansion thanks to the resumption of automobile factories

• expected +3.3%, prior -0.6%

-6.7% y/y

• expected -6.6%, prior -3.9%

Manufacturers expect April output @ +4.1%m/m and May @ +4.4% m/m

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Japan Retail Sales for March 2024

-1.2% m/m

• expected -0.6%, prior 1.5%

+1.2% y/y

• expected +2.4%, prior +4.7%

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USD/JPY remains little changed around 156.30

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