Japan industrial production grew 2.5% mom in April, below expectation of 4.1% mom. Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to contract -1.7% in May, followed by a 5.0% rebound in June.
Retail sales rose 12.0% yoy, below expectation of 15.4% yoy. Over the month, sales dropped -4.5% mom on a seasonally adjusted basis.
