Japan's Production Rises on Boost From Cars as BOJ Meets [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance Canada
(Bloomberg) -- Japan's factory output rose in September, supporting growth in the country as the central bank wraps up its latest policy decision meeting. Most Read from Bloomberg Industrial production gained 1.4% from August, led by cars and chemical product makers, the Industry Ministry reported on Thursday. That beat the consensus estimate of a 0.8% increase. Output fell 2.8% from a year ago. It decreased 0.4% in the third quarter from the previous period. The ministry also reported retail sales fell 2.3% in September from August, while they gained 0.5% from a year ago. Prime Minister Shigeru Ishiba has pledged to put together an economic stimulus package bigger than last year's to help households deal with inflation and spur growth. Factory output in Japan picked up partly because the auto sector continued to recover from the impact of regulatory standards involving falsified vehicle safety certifications. Still, falling overseas demand feeds into uncertainties over the
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