Japan's disappointing industrial production data for October - recap

Author: Eamonn Sheridan | Category: News

The data post is here with my initial take:

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:


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