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At 06:30 (GMT+2) in Japan, data on the volume of industrial production for December will be published. The indicator fixes the level of change in the volume of industrial production and utilities in the country. The calculation of the indicator takes into account the manufacturing and mining industries, as well as the electric power industry. It is expected that in January the indicator will remain at the same level of 1.3%.
At 01:50 (GMT+2), preliminary data on Q4 2019 Japan's GDP will be released. It is an important indicator reflecting the state of the national economy, which takes into account domestic consumption, investment, government spending and exports. It is expected that the Japanese economy may decline on a quarterly basis by 0.9%, and on an annualized basis – by 3.7%. The implementation of the forecast may put pressure on the yen.