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Japan’s Production Outlook Improves on Domestic Demand

Japanese manufacturers forecast the biggest jump in industrial production in over two years this month as domestic demand strengthens, adding to signs that Prime Minister Shinzo Abe can drive a sustained recovery.

Output is projected to rise 4.7 percent from September, the trade ministry said in Tokyo today, a gain that would be the biggest since May 2011. The ministry raised its assessment of production, saying it’s “picking up.” Output increased 1.5 percent in September.