Japan April industrial production expected to hit a 6 year high

From Japan today we’ll get Industrial Production for April (preliminary reading)
– Due at 2350GMT, data release by the trade ministry
– Expected +4.2% m/m, prior -1.9%
This data has fluctuated recently, but net has been on the improve. If today’s ‘expected’ is hit it’ll confirm factory output is rising at its quickest in around 6 years. Japan Inc. is getting a boost from rising exports, which is good not just for Japan but insofar as it shows global demand recovering its good news for economies generally.