Japan's industrial output slips 0.1% in February, retail sales exceed forecasts

seekingalpha03-29

Investors assessed mixed economic data in Japan for February, with a surprise increase in the unemployment rate and a decline in industrial production, while retail sales rose more than expected. ...

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Japa","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4585":"ETF&股票定投概念","DXJ":"日本股利指数ETF-WisdomTree","FXY":"日元ETF-CurrencyShares","EWJ":"日本ETF-iShares MSCI","JEQ":"日本股票基金"},"translate_title":"日本2月份工业产出下滑0.1%，零售额超过预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DXJ":1,"EWJ":1,"FXY":1,"JEQ":1},"content_text":"Investors assessed mixed economic data in Japan for February, with a surprise increase in the unemployment rate and a decline in industrial production, while retail sales rose more than expected. Japan's industrial output dropped 0.1% in February from a month earlier, marking the second consecutive month of contraction, government data showed on Friday. The latest result followed a 6.7% plunge a month earlier, which was the steepest decrease since May 2020. Yearly, industrial output fell by 3.4% in February, the fourth straight month of contraction and the strongest pace in the sequence. Retail sales in Japan rose 4.6% Y/Y in February 2024, accelerating from a downwardly revised 2.1% gain in January and exceeding market expectations for 3% growth. Monthly, retail sales increased by 1.5% in February, accelerating from a downwardly revised 0.2% gain in January. Meanwhile, Japan’s unemployment was at 2.6% in February 2024, compared with market forecasts and January's figure of 2.4%. It was the highest level since last September. The jobs-to-applications ratio edged down to 1.26 in February, the lowest level since May 2022. Investors were also closely monitoring currency moves amid fears that the yen’s recent slide to 34-year lows could prompt another intervention from Japanese authorities.  ETFs: (JEQ), (EWJ), (DXJ), (FXY). Japan's Nikkei 225 (NKY:IND) rose 0.5% to above 40,300 on Friday, recouping some losses from the previous session. (USD:JPY) is trading at 151.353.  More on Japan  Japanese shares hit all-time high after inflation accelerates in February Japan's trade deficit shrinks more than expected amid robust U.S., China demand Japan's manufacturing activity rises to 48.2 in March; services PMI increased to 54.9 Japan's central bank hikes interest rate after 17 years, scraps yield curve control Japan's industrial output falls 6.7% in January, less than an initial estimate","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2423489977"}