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Japan factory output bounces, easing pressure on BoJ

Government figures showed industrial production in Japan expanded 1.0 percent in September, after two consecutive monthly fallsJapan’s factory output unexpectedly rebounded in September, data showed Thursday, tempering expectations the central bank would unleash more stimulus after a string of weak data from the world’s number three economy. Government figures showed industrial production expanded 1.0 percent, after two consecutive monthly falls, thanks to brisk production of electronics devices and chemical products. The surprisingly positive data dampened predictions the Bank of Japan would announce an expansion of its huge easing programme after a meeting Friday.

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