Japan industrial output, retail spending lag expectations
TOKYO (AP) — Japanese industrial output rose 1.4 percent in October from the month before, below forecasts and a decrease from the year before.
Government data released Monday also showed retail spending fell in October from a year earlier.
The slowdown in China has reverberated in Japan, the world's third-largest economy, which fell back into recession during the summer, contracting 0.8 percent in the July-September quarter.
The government said last week it will draft a supplementary budget and provide cash handouts to pensioners to counter weak demand.
Factory output fell 1.4 percent in October from a year earlier as production of chemicals, nonferrous metals and telecoms equipment dropped.