Japanese factory output rises for first time in three months
Tokyo
JAPAN on Monday posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes.
The upbeat figures - a 3.7 per cent rise on-month in January - comes as investors look for clues about the state of the world's No 3 economy.
Disappointing inflation numbers last week stirred speculation that the Bank of Japan will have to unleash more monetary easing to boost prices and growth.
Japanese businesses have remained cautious over investing in their businesses and offering significant wage increases, citing the uncertain …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Philippine Coast Guard to join military drills with United States
Australia’s March employment unexpectedly falls 6,600, jobless rate ticks up to 3.8%
China education firms learn tough lessons overseas
A deep dive into China’s expectations-beating GDP growth
Rich China tourists drive luxury demand in Japan on weak yen
Philippine central bank’s deputy governor sees upside risks to inflation