TOKYO (Reuters) – Japan’s factory output fell more than expected in June after two straight months of gains, adding to a slew of data suggesting that slowing global growth and the protracted U.S.-China trade war were taking a toll on the export-reliant economy.
The data comes ahead of the Bank of Japan’s two-day policy meeting that ends later on Tuesday, where the board is expected to scrutinize the impact overseas risks could have on its view the economy will sustain a moderate recovery.
Industrial - Output - % - June - Government
Industrial output fell 3.6% in June, government data showed on Tuesday, more than a median market forecast for a 2.0% drop. It followed a 2.0% rise in the previous month.
Manufacturers surveyed by the government expect output to rise 2.7% in July and 0.6% in August, offering some hope that solid domestic demand will make up for some...
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