Economics
Japan's Industrial Production Unexpectedly Rises in September
- Output data released day before BOJ monetary policy meeting
- Economists had expected a drop of 0.6 percent in September
Employees work at a machine factory in Osaka, Japan. Production rose 1 percent in September from August, when it dropped 1.2 percent, the trade ministry said on Thursday.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Japan’s industrial production unexpectedly increased in September, potentially raising the bar for an expansion in Bank of Japan stimulus at Friday’s policy meeting.
Output climbed 1 percent from the previous month, exceeding all 32 estimates in a Bloomberg survey, which had a median forecast for a decline of 0.6 percent. Electronic parts, devices and chemicals led the advance last month, in the face of a Chinese slowdown that has undermined Japanese exports.