Summary
Japan’s industrial production experienced a significant decline in August 2024, with a month-on-month drop of 3.3%, surpassing the expected decrease of 0.9%. This downturn is part of a broader trend, as year-on-year production also fell by 4.9%, highlighting ongoing challenges within the Japanese economy.
The decline in industrial production coincided with the election of Shigeru Ishiba as Japan’s Prime Minister, which has implications for monetary policy and economic strategy. Analysts noted that the new leadership may not face political hurdles in raising interest rates, potentially strengthening the yen but putting pressure on export-heavy stock markets. The mixed economic signals, including a rise in retail sales by 2.8% year-on-year, suggest a complex economic landscape where external factors, such as China’s economic recovery and stimulus measures, also play a role. The interplay between domestic production challenges and international market dynamics is crucial for understanding Japan’s economic outlook in the coming months.
Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
Sep. 30 / Cnbc / Examines the immediate fallout in Japan's stock market post-election, presenting a balanced view of mixed economic indicators and expert opinions, offering valuable context for understanding investor sentiment. “ Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Japan's Nikkei 225 tumbled over 4% on Monday, following a mixed set of economic data...
Weekly Market Outlook (30-04 October)
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USD/JPY higher to open the week - update after weekend news and Monday data
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