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Post by bot on Jan 30, 2012 22:42:28 GMT -5
Japanese industrial output stronger than thoughtfrom MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japan's industrial production jumped by 4.0% in December, swinging from a 2.7% drop in November, the Ministry of Economy, Trade and Industry reported Tuesday. The result outpaced a forecast rise of 2.9% from a Dow Jones Newswires poll of economists. A ministry survey accompanying the data, however, showed manfacturers were more pessimistic than a month earlier. The average forecast for January industrial output fell to 2.5% from a 3.4% estimate in the previous survey. For February, the respondents tipped a 1.2% gain for industrial output. The Japanese yen and Tokyo stock futures showed little reaction to the numbers, which tend to be volatile in comparison to other data sets.
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