Japan’s data surprises on the upside

Stronger-than-expected industrial production and solid labour market data suggest Japan’s economy continued to recover in the current quarter. A further easing of border restrictions and resumption of domestic travel aid programmes will support next quarter’s growth as well. Thus, ING upgrade 2022 GDP growth to 1.6% YoY from 1.2% previously

Industrial production recorded a third monthly gain in August

Industrial production in August rose 2.7% month-on-month seasonally-adjusted (vs 0.8% in July), beating the market consensus of 0.2%. In three-month sequential terms, IP rebounded quite sharply by 4.6% from -2.7% in June, suggesting that quarterly manufacturing growth in GDP is highly likely to turn positive.

Japan income fundJPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.

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