(MENAFN) Japanese factories churned out a better-than-expected performance in April, but the upbeat data was tempered as the export powerhouse remained mired in deflation.
Economists were combing through a string of data - including factory output and inflation - for signs an economy-boosting plan by Prime Minister Shinzo Abe and his hand-picked team at the Bank of Japan was taking hold.
The policy prescription of big government spending and aggressive central bank easing to stoke the world's third-largest economy, dubbed "Abenomics," has helped push the yen into a steep decline which benefits Japan's exporters.
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