Halister News

(Bloomberg) -- A weak trade performance in April suggests Japan’s industrial production contracted that month, economists’ forecasts suggest.

• Factory output likely fell 5.1% y/y after a 0.2% expansion in March, median est. in Bloomberg survey shows; ests. range from -7.6% to -0.7%; data due 8:50am local time tomorrow
• Exports fell 10.1% y/y, more than the 9.9% decline seen in Bloomberg survey; imports fell more than expected, -23.3% y/y vs -19.2% forecast, data released on May 23 showed
• USD/JPY reaction may be overshadowed by expectations of delay in sales tax increase by PM Abe
• USD/JPY rises 0.6% to 110.96 today after advancing for fourth week in a row last week