Japan January Nomura/JMMA Seasonal PMI rises to 47.7 (prior was 45.0) Japan December Industrial production +2.5% M/M (vs. +4.1% expected), the best rise since June 2011. Japan's METI says output is showing signs of halting its declines. Japanese Bought 663.1 Billion Yen Overseas Debt Last Week (Net figures here)