30-09-2015 04:41 via news.yahoo.com

Japan factory output shrinks again in August on China slowdown

Japanese factory production fell unexpectedly for a second month in August, data showed Wednesday as a slowdown in China and weak domestic spending hit Prime Minister Shinzo Abe's efforts to kickstart the world's number three economy. The 0.5 percent contraction in industrial production followed a negative figure in July and missed market expectations for growth in output last month. The disappointing data supplied the latest evidence that Abe's growth blitz, dubbed Abenomics, was faltering, aft
Read more »