Japan’s industrial production to rebound 3%

A booster amid yen depreciation.

According to DBS, growth data in Japan may also start to improve. Japan’s December industrial production (Thu) is projected to register a positive growth of 3% MoM sa.

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A growth recovery in Japan should also reduce the prevailing concerns about the negative impact of JPY depreciation. The policy-induced JPY depreciation followed by growth recovery in Japan is not a bad scenario for the Asia region. This is different from the Eurozone debt crisis last year – the vicious cycle of capital outflows, currency depreciation and economic recession.