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Industrial production in the world's third-largest economy
likely slipped 0.5% in July from the previous month, according
to the median forecast of 18 economists in the poll.
Output had surged 9.2% in June after China eased COVID-19 curbs
and the major Chinese city of Shanghai came out of a pandemic
lockdown at the beginning of that month.
Japan's economy rebounded at a slower-than-expected pace in the
second quarter from a COVID-induced slump, data showed this
month, while growing fears of a global slowdown are clouding the
outlook for the trade-reliant nation.
Takeshi Minami, chief economist at Norinchukin Research
Institute, cautioned that Japanese manufacturers were unlikely
to be out of the woods, adding that he expected demand for their
products to stagnate ahead.
"As for the outlook, the semiconductor shortage is becoming
chronic and caution about surging prices and the acceleration of
interest rate hikes overseas is high," he added.
Separate Ministry of Economy, Trade and Industry (METI) data is
expected to show retail sales in July rose 1.9% from a year
earlier, quickening from a 1.5% rise previously, supporting the
view consumption is recovering moderately from its pandemic hit.
METI will release the factory output and retail sales data at
8:50 a.m. on Aug. 31 (2350 GMT Aug. 30).
Job availability and the jobless rate were expected to hold
steady from the previous month in July, coming in at 1.27 and
2.6%, respectively.
The government will release jobs data at 8:30 a.m. on Aug. 30
(2330 GMT Aug. 29)
(Reporting by Daniel Leussink; Editing by Jacqueline Wong)
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