Economics
Japan’s Industrial Production Unexpectedly Declines in July
- Output forecast to rebound in August, fall in September
- Government may need to compile stimulus, says SMBC Nikko
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Japan’s industrial production unexpectedly fell in July, sapping a rebound in the economy from a slump last quarter.
Output fell 0.6 percent from June, when it increased 1.1 percent, the trade ministry said on Monday, compared with the median forecast for a 0.1 percent gain in Bloomberg survey.