Ian rewrote the 15-year maximum dollar against the backdrop of news that caused the purchase of safe assets. As reported by the Ministry of Economy, the final revised data for industrial production in July was significantly weaker than previously published. Instead, growth in 0.3%, which was mentioned earlier, it was reported decline in industrial production by 0,2%. This annual growth slowed to 14.2% compared with 14.8% previously counted and 17.3% who were in June. Continues to decrease capacity utilization. We talked earlier and still hold the thought that the growth of trade surplus in July was not good news, and testified about the fall in economic activity within the country. There is a widespread perception of a sharp slowdown in the second half. Tuning in the fall in demand, the company seems to reduce its own production and activity.
Other news this morning, market players worried about not less: the results of intra-party elections of the Democratic Party. It was announced that he remained head of the party and will retain the post of prime minister, which immediately caused a demand for the Japanese public securities. They have grown in value since the opponent Kahn offered at least twice the size of the package of measures to maintain the economy. But Kahn and no denies any further action, and doing very frequent verbal intervention against strengthening yen. Thus, with the victory of the current leader of the increasing chances of intervention in the foreign exchange market, although the overall merit opinion that intervention requires a level below 72 yen to the dollar, or even about 65.
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