Japan data: Industrial Production (June preliminary): -2.1% m/m (vs. expected -0.3%)

Japanese Industrial Production for June, this the preliminary data

For the m/m, comes in at -2.1% …. ohhhh … that's ugly ….

• expected -0.3% m/m, prior -0.2%

And Industrial Production for June y/y (preliminary) is -1.2%

• expected +0.6%, prior +4.2%

As part of the METI data they provide an outlook.

• Manufacturers see July output +2.7% m/m
• see August output at +3.8% m/m

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This data is the middle of the sandwich for Japan today

• earlier we got Japan jobs data: Unemployment still low, low, low 2.4% in June (exp 2.3%)

And later we get (BOJ!):

• BOJ monetary policy decision due today, and an outlook update due also - preview
• Goldman Sachs preview possible options for the BOJ today, and the impact on yen
• Here is how the BOJ could change policy (while sneakily announcing no change in policy)
• What to expect from USD/JPY after the BOJ meeting this week
• What time to expect the Bank of Japan announcement today, preview & yen impact
• When is the BOJ meeting this week and what time we can expect the announcement