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
Tokyo
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 level a month earlier.
Coming on top of Tuesday's announcement that retail sales accelerated by a faster than forecast pace of 2.3 per cent in …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Norway's wealth fund posts US$109 billion Q1 profit as tech stocks soar
Norway wealth fund backs NatWest plan to buy more state-owned stock
Japanese firms agree on 5.2% pay raise, biggest union group Rengo says
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich