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30 Nov 2016
Japanese economy appears to be finding some traction - BBH
Research Team at BBH, suggests that Japan's October industrial output was in line with expectations as it rose 0.1% on the month, the third consecutive gain.
Key Quotes
“However, the year-over-year rate slumped back into negative territory./ The 1.3% fall snaps the two months it has been positive. The sentiment is positive for November output, where the government's survey suggests expectations for a strong rise (~4.5%) before falling again in December. Japan's industrial shipments rose 2.2% in October, while inventories fell 2.1%. The Japanese economy appears to be finding some traction, helped by rising exports and somewhat better domestic consumption figures.”