Slumping factory output
Japanese manufacturers' outlooks:
- see August output +0.7% m/m
- see July output +6.5% m/m
I doubt the BoJ is paying too much attention to today's data but this is probably indicative of on hold given the weakness.
Japan Industrial Production (preliminary, June 2024) -3.6% m/m (expected -4.8%)
- For the y/y -7.3% (prior +1.1%)