Key Economic Releases From Japan: Snapshot

Japan’s government released a significant amount of economic data earlier today, among which factory output was one of the most important releases. According to data released by the Ministry of Economy, Trade and Industry, industrial output in Japan increased by 1.3% MoM, coming in better than economists’ forecast for a 0.7% gain.

Meanwhile, retail sales in Japan declined by 2.6% YoY during December, disappointing the markets. Economists had forecast a 1.8% decline for the month instead.

On the positive side, jobless rate in Japan remained steady in December, with the seasonally adjusted unemployment rate holding at 2.2%. The figure beat economists’ expectations for a reading of 2.3% instead.

According to data released by the labor ministry, the jobs-to-applicants ratio for December also came in higher than expected at 1.57. Economists’ forecast was for the figure to touch 1.56.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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