Halister News

(Bloomberg) -- A weak trade performance in April would infer a contraction in Japan’s industrial production that month, economists’ forecasts suggest.

• Factory output likely fell 5.2% 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 on May 31
• Exports fell 10.1% y/y, more than the 9.9% decline seen in Bloomberg survey; imports posted a steeper-than-forecast contraction of -23.3% y/y vs -19.2% forecast, data released on May 23 showed
• USD/JPY reaction to the data may be overshadowed by expectations of a possible delay in implementation of sales tax increase by PM Abe
• USD/JPY slips 0.1% to 109.71 today, set for first weekly decline this month