It looks like Japan's economy started the second quarter positively. From Bloomberg:
Japan’s industrial production increased less than economists forecast in April, the latest sign that the economic recovery may be losing momentum.
Factory output rose 1.3 percent from March, when it gained 1.2 percent, the Trade Ministry said in Tokyo today. The median estimate of 26 economists surveyed by Bloomberg News was for a 2.5 percent increase.
Manufacturers plan to increase production at a slower pace in May and June, today’s report showed, indicating they anticipate demand to cool...
A separate report showed housing starts rose 0.6 percent in April from a year earlier, the first gain in 17 months.
A survey of purchasing managers in Japan showed that they remained positive in May. The Nomura/JMMA Manufacturing PMI reached 54.7 in May, up from a revised figure of 53.8 in April.
Elsewhere in Asia, India's economic growth accelerated in the first three months of this year. Bloomberg reports:
India’s economic growth accelerated, adding pressure on the central bank to raise interest rates even as Europe’s sovereign-debt crunch threatens the global recovery.
Gross domestic product rose 8.6 percent in the three months ended March 31 from a year earlier after a revised 6.5 percent gain in the previous quarter, the statistics office said in a statement in New Delhi today. That matched the median estimate in a Bloomberg News survey of 22 economists.
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