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MNI BRIEF: Japan Output Forecast Could Make BOJ Cautious

(MNI) Tokyo
(MNI) TOKYO

Japan's industrial output fell 7.5% m/m in January for the first drop in two months following December's 1.4% rise, driven largely by the decline of automobile production and general-purpose and business oriented machinery, data released by the Ministry of Economy, Trade and Industry showed on Thursday.

The fall however will not shake the Bank of Japan's outlook as the halt of auto production, which declined 17.8% m/m in January for the first drop in two months following +1.1% in December, was temporary.

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Japan's industrial output fell 7.5% m/m in January for the first drop in two months following December's 1.4% rise, driven largely by the decline of automobile production and general-purpose and business oriented machinery, data released by the Ministry of Economy, Trade and Industry showed on Thursday.

The fall however will not shake the Bank of Japan's outlook as the halt of auto production, which declined 17.8% m/m in January for the first drop in two months following +1.1% in December, was temporary.

Keep reading...Show less