There have been a few factors weighing on this month's results (see link at the bottom of post to the preview)

Industrial Production -0.1% m/m for July (preliminary reading)

  • expected 0.2%, prior was -1.8%

Industrial Production +2.3% y/y for July (preliminary)

  • expected 2.7%, prior was 0.9%

Looking ahead, METI also publishes:

  • Japan manufacturers see August output +5.6 pct m/m (prev forecast: +3.8 pct)
  • See September output +0.5 pct m/m
  • Japan revises down assessment of industrial output, says moderate pick up but weakness in some areas

For background on this, here:

Nomura's was the best preview I had seen, and they nailed it. Kudos.

Yen … doing pretty much zero

Zzzzzzzzz