Japan’s economy may see a light at the end of the tunnel, and it’s not a train

Japan's industrial production data, released on Wednesday, may have offered a light at the end of the tunnel for the long stagnant economy.

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Japan’s industrial production data, released on Wednesday, may have offered a light at the end of the tunnel for the long stagnant economy.
In November, industrial output rose 1.5 percent on month, just a tad below the Reuters forecast for a 1.6 percent rise, up from a flat reading in October.

 

But the big positive was in the details, particularly in inventories, which fell 1.5 percent on-month and 4.8 percent on-year.

Izumi Devalier, head of Japan economics at Bank of America-Merrill Lynch, told CNBC’s “Squawk Box” on Wednesday that the print was generally “very positive,” noting the sharp inventory drop.

Source: cnbc.com

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