Japan Factory Output Drops Unexpectedly in August
Japanese industrial production shrank 1.7 percent in August compared with the prior month. Motor vehicle manufacturing slumped as typhoons and earthquakes disrupted operations.
Industrial production in Japan fell 1.7% in August from the previous month, defying market forecasts for a 1.7% rise. The contraction marks the second straight monthly decline for the country's factory output. The unexpected slowdown complicates the economic outlook as policymakers weigh upcoming monetary policy decisions.
