Here's proof that Japan's stimulus policies are actually effective
IP hit a a 0.2% increase.
According to BBVA, a batch of monthly activity indicators for March provided some hope that stimulus policies may be working to revive growth.
BBVA also said that though weaker than expected, industrial production recorded a fourth straight monthly increase of 0.2% m/m sa (consensus: 0.4%, prior: 0.6%), and household spending rose by 5.2% y/y (consensus: 1.6%, prior: 0.8%).
"Manufacturing PMI also strengthened further in April, rising to 51.1 (Prior: 50.4) the highest level since March 2012. The Bank of Japan last week raised its economic outlook by 0.6 percentage points to 2.9%," BBVA noted.