This is a broad measure for the Japanese economy and is used as a GDP proxy
For December comes in % on the month
– expected -0.2% m/m, prior +0.4%, revised from +0.3%
The result is a miss on estimates. Given Japanese data has generally been on the improve a little a miss might be thought a surprise.
Japan data – All Industry Activity Index (December): -0.3% m/m (vs expected -0.2%)
