Japan's disappointing industrial production data for October - recap

The data post is here with my initial take:

• Japan preliminary industrial production for October: -4.2% m/m (expected -2.0%)

Via the Japanese press (Nikkei) now:

• fastest decline since January last year
• pushed down by a decrease in output of passenger cars and car engines, as well as general purpose and production machinery
• weak reading follows other gloomy data released this week that may further fuel calls on the government to craft a large stimulus package to keep the country's economic recovery intact
• under the Bank of Japan's current accommodative monetary policy, lawmakers could also step up calls for increased fiscal spending at a time when financing costs are extremely low

Here is the link to the Nikkei report for more.

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Also out today from Japan:

• Tokyo inflation data for November, headline is 0.8% y/y (vs. expected 0.6%)
• Japan Unemployment rate for October: 2.4% (expected 2.4%)