JAPAN’S MAY INDICATORS POINT TO ONGOING RECOVERY, HEADWINDS BUFFET KOREA

TOKYO - Activity indictors improved in May, adding to evidence that the BoJ’s aggressive monetary easing and fiscal stimulus under Abenomics is bearing fruit.. Industrial production improved more than expected 2.0% month-on-month. However, household spending fell by 1.6% year-on-year, and private investment remains sluggish. BBVA Bank comments that, on balance, it believes the economy’s growth momentum will be stable in Q2 after a better-than-expected 4.1% GDP growth out-turn in Q1.