Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
Tokyo posts record 5,773 daily COVID-19 cases in the past day
That tops the previous record of 5,042 cases on 5 August
If anything, this just keeps the economic outlook more dour for 2H 2021 and it likely will see the BOJ lower its projections moving forward.
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