Japanese Output Beats Forecast in Bright Spot for Ailing Economy
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Japan’s industrial production increased more than forecast in June, aiding an economy that struggled last quarter with weakness in retail sales and exports.
Output rose 0.8 percent from May, when it fell 2.1 percent, the trade ministry said on Thursday. While production was stronger than the median forecast for a 0.3 percent gain, economists continue to debate whether the Japanese economy expanded or contracted last quarter.