Japan’s July Industrial Production -2.0% m/m (expected -1.4%; last 2.4%)
July Retail Sales 6.8% yr/yr (expected 5.4%; last 5.6%).
July Housing Starts -6.7% yr/yr (expected -0.8%; last -4.8%)
Construction Orders 8.7% yr/yr (expected 2.1%; last 8.6%)
Industrial production in Japan and South Korea decreased at a faster than expected rate in July, prompting the Japanese government to lower its assessment of industrial production.
Japan’s Prime Minister Kishida announced new gasoline subsidies that will take effect next week.