(Reuters) - TOKYO, June 28 - Japan's industrial production
unexpectedly fell in May from a month earlier, casting doubt on
an anticipated rebound in output but doing little to alter
expectations for the Bank of Japan to raise rates in the coming
months.
Market players largely shrugged off the weaker-than-expected
reading, as many were awaiting consumer price data the next day
and the Bank of Japan's quarterly tankan survey on Monday for
clues on whether the central bank could raise rates as early as
August.
Read more at Reuters.com Economic News
unexpectedly fell in May from a month earlier, casting doubt on
an anticipated rebound in output but doing little to alter
expectations for the Bank of Japan to raise rates in the coming
months.
Market players largely shrugged off the weaker-than-expected
reading, as many were awaiting consumer price data the next day
and the Bank of Japan's quarterly tankan survey on Monday for
clues on whether the central bank could raise rates as early as
August.
Read more at Reuters.com Economic News
No comments:
Post a Comment