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Output data adds to evidence of Japan's recovery from tax hike

Industrial output rises by a quicker-than-expected 2.7% in September compared with the prior month

Despite encouraging news on the demand and output fronts, the BOJ's Policy Board is expected to downgrade its forecast for real GDP growth in fiscal 2014, Kyodo quoted sources as saying.


IN a further sign that the world's third largest economy is recovering from the shock of April's consumption tax hike, Japan's Ministry of Economy, Trade and Industry said on Wednesday that industrial output rose by a faster-than-expected 2.7 per cent in September compared with the...

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