Japan’s industrial output falls, clouding recovery outlook

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Japan’s industrial output falls, clouding recovery outlook - Business Mirror

Quick Summary:

Industrial production declined 3.6 percent from May led by automakers and production machinery makers, the Industry Ministry reported on Wednesday.

Analysts are split over whether the BOJ will raise interest rates this time or opt to wait for more economic data to see if demand driven inflation is taking root in Japan.

The lackluster output result dims the outlook that the economy will stage a recovery in the three months through June, with consumption also remaining weak.