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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 [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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