Japan government official says output higher not due to tariff front running

A government official in Japan says (if you believe him ….)

• Haven’t heard from manufacturers that US tariffs had direct impact on production at this point

The results are here:

• Japan February Industrial Output (preliminary) +2.5% m/m (expected +2.3%, prior -1.1%)

Market speculation is that front-running tariffs were the reason for the big jump.

Yen rising still:

This article was written by Eamonn Sheridan at www.forexlive.com.