Analysts at Nomura are forecasting a month-on-month decline in Japan’s June industrial production. Key Quotes “In the survey of manufacturers’ production forecasts carried out on 10 June, the production forecast for June, adjusted for prediction error by the Ministry of Economy, Trade & Industry, was -0.1% m-o-m.” “In months when the stock of items purchased index in the Japanese manufacturing PMI rises, industrial production tends to undershoot the adjusted production forecast figure and, on this basis, we think the result will be slightly weak.” “Although there was an earthquake in northern Osaka in mid-June, we think this had a limited impact as the output index in the Japanese manufacturing PMI rose.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum price analysis: ETH/USD flirts with $460 as Vitalik Buterin laments poor cryptocurrency mass adoption FX Street 5 years Analysts at Nomura are forecasting a month-on-month decline in Japan's June industrial production. Key Quotes "In the survey of manufacturers' production forecasts carried out on 10 June, the production forecast for June, adjusted for prediction error by the Ministry of Economy, Trade & Industry, was -0.1% m-o-m." "In months when the stock of items purchased index in the Japanese manufacturing PMI rises, industrial production tends to undershoot the adjusted production forecast figure and, on this basis, we think the result will be slightly weak." "Although there was an earthquake in northern Osaka in mid-June, we think this had a limited… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
