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

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 …