Today’s Japanese Jan retail sales came much lower-than-expected, while industrial production data saw a minor improvement, despite in a survey carried out by the Ministry of Trade, manufacturers see February output at -5.2% m/m and March at +3.1% m/m, not a pretty scenario it suggests.
Japanese retail sales came at -1.1% m/m vs +0.1% expected and -0.3% prior, while the yearly reading stood at -0.1 % y/y vs +0.1% expected and -1.1% last. As per industrial production, it came at +3.7 % m/m vs +3.2% expected and -1.7% last, with the yearly reading at -3.8 % y/y vs -3.8% exp and -1.9% prior.
(Market News Provided by FXstreet)