The Guardian - The data shows underlying conditions in output weren't as bad as feared. But recent trade data shows chipmakers aren't doing as well as before in terms of exports, even to Asia. Manufacturers' output forecasts also show they see production peaking out, so it's fair to say output is seen slowing down instead of increasing ahead. Interest rates are already low so I don't expect the Bank of Japan to cut them just because of the weak output figures. But if personal consumption falters, that would be a problem. If softening job conditions hurt consumption and income conditions, there might be a possibility of a rate cut. For now, the BOJ will stay neutral on policy and examine economic conditions.
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