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Japan Industrial Output Eases 0.1% In November
(RTTNews) - Industrial production in Japan was down a seasonally adjusted 1.0 percent on month in November, the Ministry of Economy, Trade and Industry said on Wednesday.
That beat expectations for a decline of 0.3 percent following the 3.2 percent drop in October.
On a yearly basis, industrial production sank 1.3 percent - missing expectations for a gain of 1.0 percent following the 3.0 percent increase in the previous month.
Upon the release of the data, the METI downgraded its assessment of industrial production, saying that it has weakened.
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Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices
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The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
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The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 12.966 trillion yen.
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Japan Producer Prices Slip 0.2% In June
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