JPY Daily News

Japanese Industrial Production Expected to Rise 5.6%

The Japanese economy has witnessed a sharp downturn in industrial output since back in April, when it dropped over 15%. Much like the recent reports on retail sales, however, the Japanese economy has recovered much of these losses and begun to move towards growth. Today's preliminary industrial production data is set to release a similar publication.

Analysts are forecasting a strong jump in industrial output from the Japanese economy, with a target of 5.6% coming into view. Market pessimists decry such estimations as premature despite being turned around on Japan's retail sales figures yesterday. Should Japan be able to publish such bullish figures, it may very well lead the nation's currency, the yen (JPY), towards Bank of Japan (BOJ) intervention levels against the US dollar (USD).

Current Time: 05/27 01:48 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
06/29
	00:15	JPY	Manufacturing PMI		51.3	-	-