Source: ForexYard
Coming in line with Monday’s statement on revised industrial production, this morning’s release on All Industry Activity in Japan revealed another sluggish month for the island economy. Expectations were for a mild downturn, making the report less surprising, however.
The results revealed a month-on-month contraction of approximately 0.4%. Following Monday’s release of industrial production, which fell short of market forecasts, makes this report more ominous for Japan. The yen may find itself coming under pressure as a result.
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