Japan Industrial Production Rises at Slower Pace

Japan’s industrial production is expected to have risen for a fourth consecutive month in March albeit at a modest pace, a Reuters survey showed, in a sign that factory output is recovering slowly as exports struggle to gain momentum.

The median forecast was for a 0.4 percent rise from the previous month, which would follow a 0.6 percent increase in February and a 0.3 percent rise in January. The data are due on Tuesday at 8:50 a.m. (Monday at 1950 EST).

The figures are expected to show that Prime Minister Shinzo Abe’s push to correct excessive yen strength and end years of stubborn deflation with a policy prescription dubbed “Abenomics” has yet to produce a significant increase in exports and factory output.

via Reuters

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