Investing.com – Japanese industrial production unexpectedly held steady in April, revised data showed on Monday.
Japan’s Ministry of Economy, Trade and Industry said its revised estimate of industrial production during the month remained at a seasonally adjusted 1.3%, unchanged from the preliminary reading, following an increase of 1.2% in March.
Economists had expected an upward revision to 1.4%.
Following the release of the data, the yen was up against the U.S. dollar with USD/JPY shedding 0.22% to hit 91.86.
Japan’s Ministry of Economy, Trade and Industry said its revised estimate of industrial production during the month remained at a seasonally adjusted 1.3%, unchanged from the preliminary reading, following an increase of 1.2% in March.
Economists had expected an upward revision to 1.4%.
Following the release of the data, the yen was up against the U.S. dollar with USD/JPY shedding 0.22% to hit 91.86.