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Japan Industrial Production Gains 0.8% In March
(RTTNews) - Industrial production in Japan was up 0.8 percent on month in March, the Ministry of Economy, Trade and Industry said on Friday.
That topped forecasts for an increase of 0.5 percent following the 4,6 percent spike in February.
On a yearly basis, industrial output sank 0.7 percent - roughly in line with expectations after shedding 0.5 percent in the previous month.
Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it is showing signs of increasing at a moderate pace.
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Japan Overall Bank Lending Climbs 3.2% On Year
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The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
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Japan Retail Sales Jump 2.0% In June
The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 12.966 trillion yen.
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