Japan February all industry activity index -0.2% vs -0.2% m/m expected

Latest data released by METI - 24 April 2019

Slight delay in the release by the source. The data is often referred to as the monthly GDP reading, it's a tracker production across all sectors of the Japanese economy and follows the GDP growth figures/trend.

This just continues to highlight the sluggish performance that the Japanese economy is experiencing in Q1 this year. If this continues into the second half of the year, it will really be a test of nerves for the government as they look to go forward with their proposal to raise the sales tax in October.

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