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Japan's factory output, inflation rate slow in November
(MENAFN) Official data showed that Japan's factory output and inflation rate slowed in November, dealing a fresh challenge for Tokyo's bid re-boot the economy, Arab News reported.
The weak figures raised the prospect of further easing by the Bank of Japan as its ambitious 2.0 percent inflation target, aimed at ending years of tepid growth, appears increasingly out of reach.
The bank's move in late October to expand its massive asset-buying plan, which now stands at about USD670 billion annually, sharply weakened the yen and stoked a stock market rally.
"It depends on US employment data and crude oil prices, but the BoJ could go ahead with a stunning additional easing as early as January," according to SMBC Nikko Securities.
The weak figures raised the prospect of further easing by the Bank of Japan as its ambitious 2.0 percent inflation target, aimed at ending years of tepid growth, appears increasingly out of reach.
The bank's move in late October to expand its massive asset-buying plan, which now stands at about USD670 billion annually, sharply weakened the yen and stoked a stock market rally.
"It depends on US employment data and crude oil prices, but the BoJ could go ahead with a stunning additional easing as early as January," according to SMBC Nikko Securities.
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