The Governor of the Bank of Japan spoke in the early hours yesterday to address many of Japan’s pending issues. Industrial production was a mixed bag; output had actually risen 1.4% in October, but this just missed out on expectation.
Overall, however, year-on-year production fell by 1.4%, its third straight decline.
Despite this, overall sentiment on production was good; many believe that this quarter could show an increase as exports seem to be recovering.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.