ForexGen | Japan's October Industrial Production Down Sharply

Japan's October industrial production down sharply; consumer price index up


Japan's government reports that the country's industrial production fell 3.1 percent in October from the previous month, as the global slowdown forced companies to cut output.

The result, which follows a 1.1 percent rise in September, undershot expectations for a 2.5 percent decline forecast by Kyodo News agency.

The government also says that prices continued to climb in October, with the key consumer price index up 1.9 percent from the previous year.

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