Japan's industrial output fell 3.3% in August, led by automotive and machinery sectors.

Japan's industrial output fell by 3.3% in August, exceeding economists' expectations. This decline, attributed to decreased production in automotive and machinery sectors, follows a 3.1% increase in July. The automobile production index dropped significantly due to factory shutdowns from a typhoon. Despite forecasts of recovery in September and October, concerns about global economic conditions and potential fiscal policy changes cast doubt on Japan's economic outlook.

September 30, 2024
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