Japan industrial production rises for fifth consecutive month

As exports continue to expand.

BBVA noted that Japan industrial production rose for a fifth consecutive month in April, by 1.7% m/m sa, beating expectations (consensus of 0.6%; prior 0.9%) on improving exports.

"The data follow better-than-expected retail sales released earlier this week, and for the time being are lifting expectations once again about the growth outlook, in line with our 1.7% full-year growth projection," the research firm said.

Meanwhile, April CPI inflation came out in line with expectations at -0.7% y/y (consensus: -0.7%; prior: -0.9%,), which for BBVA suggested it will take at least two more years to meet the Bank of Japan’s 2% inflation target.

"In the coming week, the Japanese government is scheduled to unveil a roadmap for its growth-enhancing structural reforms, the 'third arrow' of the Abenomics strategy. At the conclusion of its 2013 Article IV discussions in Japan today, the IMF staff endorsed the BoJ’s monetary easing strategy, while underlining the importance of medium-term fiscal consolidation and growth enhancing structural reforms," said BBVA.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit