Japan data - Industrial Production (preliminary for March) +0.3% m/m (expected 0.5%)

Preliminary Industrial Production data from Japan for March 2022.

+0.3% m/m

• expected 0.5%, prior 2.0%

-1.7% y/y

• prior 0.5%

Industrial Production forecast 1m ahead (i.e. April) +5.8% m/m

Industrial Production forecast 2m ahead (May) -0.8%

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Yen is barely responsive. Focus is on the Bank of Japan later in the session:

• BoA on the yen heading into the Bank of Japan decision Thursday 28 April 2022
• The Bank of Japan policy meeting is today - here is every preview of it

• Bank of Japan meet - expected to upgrade their inflation forecasts

• The Bank of Japan is expected to keep policy settings unchanged
• Renewed yen weakness raises the intervention question again

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Industrial Production data is released by the Ministry of Economy, Trade and Industry