Japanese economy appears to be finding some traction - BBH

Sandeep Kanihama FXStreet Contributor

Research Team at BBH, suggests that Japan's October industrial output was in line with expectations as it rose 0.1% on the month, the third consecutive gain.

Key Quotes

“However, the year-over-year rate slumped back into negative territory./ The 1.3% fall snaps the two months it has been positive. The sentiment is positive for November output, where the government's survey suggests expectations for a strong rise (~4.5%) before falling again in December. Japan's industrial shipments rose 2.2% in October, while inventories fell 2.1%. The Japanese economy appears to be finding some traction, helped by rising exports and somewhat better domestic consumption figures.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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