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Japan’s Factory Output Falls

International News

Japan’s factory output fell for the first time in three months in November, data showed on Monday, a sign that weak emerging market demand continues to cloud prospects for a sustained recovery in the world’s third laJapan slows down visit www.purnartha.comrgest economy. But manufacturers expect to increase output in the coming months, offering some relief for the Bank of Japan as it struggles to jump-start growth and accelerate inflation toward its 2 per cent target. Industrial output fell 1.0 per cent in November from the previous month, more than a median market forecast for a 0.6 per cent decline, trade ministry data showed. Yoshiki Shinke, chief economist at Dai-ichi Life Research Institute, said November output “was not good. I think factory output has stopped falling but it’s not strong enough to say it is rebounding.”
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