Japan’s industrial output falls -1.2% mom in August, retail sales contracts

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Japan’s latest data painted a downbeat picture of economic momentum in August. Industrial production slipped -1.2% mom, falling short of the expected -0.8%. Of the 15 industrial sectors, 12 including metal products, and inorganic and organic chemicals, saw output decreases. METI maintained its description of output as “fluctuates indecisively”. Officials stressed that firms remain highly […]The post Japan’s industrial output falls -1.2% mom in August, retail sales contracts appeared first on Action Forex.