Japan industrial production growth remains unchanged in November

The Japan industrial production (IIP) growth remained unchanged in November, registering a consistent positive growth in last 5 months. The final IIP for November came at +1.5 percent m/m (flash was +1.5 percent m/m), from preliminary +1.5 percent in September.

Moreover, shipments climbed 1.0 percent m/m, slightly above the 0.9 percent growth reported earlier. Additionally, inventories fell 1.6 percent, from down -1.5 percent. On an annual basis, industrial production rose 4.6 percent in November, up from -1.4 percent in September.

On the other hand, data also showed that the capacity utilisation climbed 3.0 percent m/m in November, better than October's rise of 1.4 percent.

Meanwhile, the benchmark Nikkei 225 fell 1.07 percent to 18,890 and the USD/JPY dipped 0.35 percent to 113.80, while at 5:00 GMT, the FxWirePro's Hourly Yen Strength Index remained highly bullish at 105.85 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex