- Japanese industrial output rose 1.5% on month in September after dropping 0.9% in August but missed consensus of +1.8%.
- On year, production jumped 5.4% after falling 0.4%.
- Japan's trade ministry forecast that output would increase 4.7% on month in October and then drop 1.2% in November.
- "Production is on a positive trend because of domestic consumer demand, but this could plunge after the (sales) tax hike next year," said JPMorgan economist Masamichi Adachi. "Exports are the biggest risk to output now due to slowing global demand."
- The Nikkei is +1.3% and the yen is flat at ¥98.20 to the dollar. (PR)
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Japan's industrial output increases 1.5% but misses expectations
Oct 30 2013, 02:08 ET