2024-03-19 02:08:59 ET
- Japan's industrial output declined by 6.7% compared to the previous month in January 2024. This decrease was steeper than the initial estimate of a 7.5% drop and followed a modest 1.2% rise the month prior.
- This marked the sharpest decrease in industrial production since May 2020.
- On an annual basis, industrial output fell by 1.5% in January, the third consecutive month of contraction, after a 1.1% drop in December.
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Now read: Japan's central bank hikes interest rate after 17 years, scraps yield curve control
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Nikkei 225 ( NKY:IND ) swinged to positive 0.46% on interest rate hike to 39,924.00.
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( USD:JPY ) is also trading higher 0.85% to 150.382.
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Japan's central bank hikes interest rate after 17 years, scraps yield curve control
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Japan's industrial output falls 6.7% in January, less than an initial estimate