Japan’s Industrial Production Falls as BOJ Mulls Easing
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Japan’s industrial production fell the most since last year’s earthquake and tsunami, bolstering the case for the Bank of Japan to add to monetary easing today to support an economy at risk of contraction.
Output declined 4.1 percent in September from the previous month, when it dropped 1.6 percent, the Trade Ministry said in Tokyo today. The median of 29 estimates in a Bloomberg News survey of analysts was for a 3.1 percent slide. None forecast such a large decline. A separate report showed unemployment unchanged.